Victor EzejaThe Nigerian naira has risen to a three-month high of N1,536.08 per dollar on Thursday, 26 June 2025, at the official foreign exchange market.
The last time the naira recorded that rate was on 28 March 2025, when it traded at N1,536.82 in the Nigerian Foreign Exchange Market (NFEM), according to data published by the Central Bank of Nigeria (CBN).
Join our WhatsApp ChannelWith the NFEM rate at N1,536.08, it means the naira gained N13.18 on Thursday, when compared to N1,549.26 recorded on Wednesday, 25 June at the official Foreign exchange market window.
The CBN data also showed that the naira traded between a high of N1,549.50 and a low of N1,534.00 on Thursday..
Prime Business Africa reports that this is the first time the naira has appreciated against the dollar at the official foreign exchange market this week. On Monday, 23 June, the local currency dropped to N1,548.52 from N1,547.36 on Friday of the previous week, losing N1.16. It further depreciated to N1,549.03 on Tuesday and recorded a slight drop to N1,549.26 on Wednesday.
At the parallel or black market segment, the naira also recorded appreciation, rising to N1,585 per dollar from the previous rate of N1,590, representing a gain of N5 on a day-on-day basis.
The naira has remained relatively stable at the black market within the week.
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Analysts attribute the current positive outlook of the naira to the CBN’s intervention in the FX market.
The apex bank has continued to work on stabilising the naira at the foreign exchange market.
On the fiscal side, the Federal government has also been implementing economic reforms aimed at boosting public revenue.
President Bola Tinubu on Thursday signed into law four tax bills aimed at significantly reforming Nigeria’s tax system to increase efficiency, transparency, and relieve the burden placed on individual workers and businesses to enable them to contribute more to the economy.
Victor Ezeja is a passionate journalist with seven years of experience writing on economy, politics and energy. He holds a Master's degree in Mass Communication.
