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.

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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