The naira appreciated to N1,610 per US dollar in the parallel market on Monday, marking a notable gain from Friday’s closing rate of N1,630/$1, according to Nairametrics sources in Lagos.
The naira began the week on a weaker footing, depreciating to N1,583/$1 on Monday at the official market.
The naira ended the week on a strong note, appreciating to N1,579/$1 on Friday, May 23, 2025, at the official foreign exchange market.
The naira weakened to N1,586/$1 in the official market on Thursday, marking the first depreciation since the Central Bank of Nigeria’s (CBN) 300th Monetary Policy Committee (MPC) meeting held earlier in the week.
The naira appreciated to N1,583/$1 at the official foreign exchange market on Wednesday, strengthening slightly from N1,588.5/$1 recorded on Tuesday, according to data from the Central Bank of Nigeria (CBN).
Nigeria’s currency, the naira, appreciated against the US dollar at the official foreign exchange market on Monday, closing at N1,597.7/$1, according to data published on the Central Bank of Nigeria (CBN) website.
