Nigeria’s forex, the naira, recorded a marginal acquire in opposition to the US greenback on the official alternate window on Monday, July 8, 2025, following renewed efforts by the Central Bank of Nigeria (CBN) to stabilise the foreign exchange market.
In keeping with official knowledge from the CBN, the naira appreciated to N1,528.33 per greenback, in comparison with N1,528.56/$1 recorded on Friday. This marks a modest acquire of 23 kobo.
Within the parallel market, the naira confirmed stronger efficiency, appreciating by N5 to alternate at N1,555/$1, up from N1,560/$1 the day past.
READ ALSO: Naira Below Stress as Greenback Soars to ₦1,605 on Parallel Market
The native forex additionally gained floor in opposition to the British pound, rising by N10 to commerce at N2,150/£1, from the earlier charge of N2,160/£1.
Nonetheless, the naira remained unchanged in opposition to each the Canadian greenback and the Euro, closing at N1,200/CA$1 and ₦1,800/€1 respectively.
The marginal positive aspects come because the CBN intensifies coverage efforts geared toward boosting greenback provide, managing inflation, and curbing volatility within the foreign exchange market.
