Naira Ends July with 0.25% Loss   The naira closed out July 2025 at N1,533.55/$ at the official market, the Nigerian Foreign Exchange Market, data from the Central Bank of Nigeria revealed on Thursday. This is about 0.25 per cent weaker than the 1,529.71/$ that it had...

Currency traders have attributed the recent performance of the naira and the relative stability of the foreign exchange (forex) market to the excess dollar supply.

The Naira extended its gains against the US dollar on Tuesday, July 22, appreciating in the parallel market.

‎The Nigerian naira depreciated slightly against the US dollar on Monday, June 23, in both the official and parallel markets, reflecting persistent pressure and volatility in the country’s foreign exchange environment.

‎The Nigerian naira extended its gains against the US dollar on Monday, June 16, appreciating in both the official and parallel markets amid continued volatility in the country’s foreign exchange landscape.

The Central Bank of Nigeria spent N315.18bn on currency issue expenses in 2024, marking a sharp increase of 306 per cent.