Naira Appreciates At Official Market, Opens Week Positive

The Nigerian naira appreciated at the official market on Monday, opening the week on a positive note.

According to the Central Bank of Nigeria (CBN) data, the naira traded N1,531.95 per dollar at the Nigerian Foreign Exchange Market (NFEM) on Monday, 4 August 2025. This reflects a N1.79 gain compared to N1,533.74 recorded on Friday, August 1.

The CBN data also revealed that the naira recorded a high spot rate of N1,534 per dollar and a low of N1,529 on Monday.

At the parallel (black) market, the local currency steadied at N1,560 per dollar on Monday.

Meanwhile, Nigeria’s external reserves have remained stable after rising to $39.54 billion on Friday, 1 August 2025.

The naira has remained relatively stable over the past months. This has been attributed to a raft of policy measures being implemented by the CBN to boost liquidity in the FX market and ensure stability of the naira.

Victor Ezeja

Correspondent at Prime Business Africa |  + postsBio

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.

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