Naira begins August flat against dollar
The naira remained flat against the dollar across official and parallel foreign exchange markets at the close of business on Friday, the first trading day in August 2025.
In the official market, data from the Central Bank of Nigeria showed it held at approximately N1,533 per dollar on Friday, the same rate recorded on Thursday.
Similarly, in the black market, the naira closed at N1,560 per dollar on Friday, unchanged from the previous day’s rate.
Recall that the naira bounced back against the dollar at the official FX market on Thursday.
DAILY POST reported that the naira depreciated by N3.97 on a month‑on‑month basis compared with N1,529.58 traded on July 1, 2025.
CBN data showed that Nigeria’s external reserves stood at $39.36 billion as of July 30, 2025.
Naira begins August flat against dollar
