Naira Rises in Official, Black Markets

byAbdulateef Ahmed

September 7, 2025

The naira gained value against the US dollar on Monday in both the official and parallel foreign exchange markets.

According to the Central Bank of Nigeria, the naira saw a slight appreciation to N1,528.33 on Monday, up from N1,528.56 on Friday at the official market. This marks a modest gain of N0.23.

Naira Weakens Against Dollar in Official, Black Markets — Man holding and counting 100 dollar bills. Credit Business Post

In the parallel, or black, market, the naira showed a more significant appreciation, rising by N20 to trade at N1,550 per dollar on Monday, compared to N1,570 on Friday.

This positive shift on Monday follows a period of decline for the naira in both markets at the close of the previous week.

Author

Abdulateef Ahmed

Abdulateef Ahmed, Digital News Editor and; Research Lead, is a self-driven researcher with exceptional editorial skills. He's a literary bon vivant keenly interested in green energy, food systems, mining, macroeconomics, big data, African political economy, and aviation..