Lagos, August 2, 2025 The Nigerian naira started the month of August on a steady note against the US dollar, showing no significant movement across official and parallel markets as currency traders assessed ongoing fiscal and monetary policies. At the close of trading on Thursday, August 1, the naira traded flat at approximately ₦1,235 per
The Nigerian Naira has recorded a notable surge against the US dollar, reaching a four-month high by breaking the N1520 per dollar mark in the foreign exchange market. This upward momentum reflects renewed investor confidence and improved forex liquidity, signaling a positive shift in Nigeria’s currency stability amid ongoing economic challenges. Market analysts attribute the
The Nigerian naira recorded marginal appreciation on Monday, trading at ₦1,545 per US dollar in the parallel market, an improvement from the ₦1,550 it exchanged for at the close of last weekend. The currency also showed a modest gain in the Nigerian Foreign Exchange Market (NFEM), reflecting improved sentiment and slight pressure relief in the
