The naira began the week with a gain against the dollar at the official foreign exchange market.
The Central Bank of Nigeria’s foreign exchange data showed that the naira appreciated slightly to N1,534.21 per dollar on Monday from N1,534.72 traded on Friday last week.
This means that the naira strengthened marginally by N0.51 against the dollar compared to the N1,534.72 recorded at last Friday’s close.
Meanwhile, in the black market, the naira depreciated further by N1 to N1,538 per dollar on Monday from N1,537 on Friday.
The development comes as Nigeria’s external reserves rose to $38.77 billion as of Friday, July 25, 2025, up from $38.63 billion on Thursday.
