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Nigeria’s currency, naira, recorded its highest appreciation against the dollar at the official foreign exchange market on Monday. It is the highest since April 30, 2025.
Central Bank of Nigeria’s exchange data showed that the naira strengthened to N1,600.44 on Monday from N1,606.15 traded on Friday last week. This means that the naira gained N5.71 against the dollar on Monday when compared to N1,606.15 exchanged last week.
Meanwhile, at the black market, the naira remained flat at N1,630 per dollar on Monday, the same rate recorded at the end of work on Friday. In the past days, the naira recorded more depreciation than gains.
