The Nigerian naira remained stable across foreign market windows on Friday, the first trading day in August 2025.
It maintained a flat rate of ₦1,533 per dollar at the official market, according to the Nigerian Foreign Exchange Market (NFEM) data published on the Central Bank of Nigeria (CBN) website.
Join our WhatsApp ChannelOn Monday, 28 July, the naira traded at ₦1,534.20, a slight appreciation from the previous week. It rose marginally to ₦1,533.18 per dollar on Tuesday, 29 July, but dropped again to ₦1,534.52 on Wednesday. However, it witnessed a rebound on Thursday to ₦1,533, a level it maintained on Friday.
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The data show that the local currency recorded a high spot rate of ₦1,535 and the lowest rate of ₦1,532.
Prime Business Africa had reported that the naira recorded a month-on-month loss of ₦3.84 per dollar at the end of July when compared with ₦1,529.71 traded on 30 June 2025.
At the Black market window, the naira also remained flat at ₦1,560 it traded on Thursday.
Nigeria’s external reserves have recorded growth in the last one month, reaching $39.36 billion as of 30 July 2025, according to CBN data.
Analysts have continued to express optimism that the naira will remain stable in the foreign exchange market amid continued foreign inflows through portfolio investment, and diaspora investment among others.
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.
