The naira appreciated to N1,555 against the United States dollar in the parallel market on Monday, August 4, 2025.
The naira appreciated from N1,560 per dollar last weekend.
The local currency also appreciated to N1,533.8 per dollar in the Nigerian Foreign Exchange Market (NFEM).
Data published by the Central Bank of Nigeria (CBN) showed that the exchange rate for the naira fell to N1,533.8 per dollar from N1,535.5 per dollar last weekend, indicating N1.7 appreciation for the naira.
The margin between the parallel market and NFEM rate narrowed to N21.2 per dollar from N24.5 per dollar last Friday.
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