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Naira Starts August Steady Against Dollar

August 3, 2025

The naira held steady against the US dollar in both the official and parallel foreign exchange markets on Friday, marking the first trading day of August 2025.

According to data from the Central Bank of Nigeria (CBN), the Nigerian currency maintained its value at approximately ₦1,533 per dollar in the official market, unchanged from Thursday’s rate.

Likewise, in the black market, the exchange rate remained flat, closing at ₦1,560 per dollar—identical to the previous day’s figure.

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It is worth recalling that the naira had rebounded slightly on Thursday at the official FX window.

However, on a month‑on‑month comparison, the naira has weakened by ₦3.97, falling from ₦1,529.58 per dollar as recorded on 1 July 2025.

Meanwhile, CBN figures indicate that Nigeria’s external reserves stood at $39.36 billion as of 30 July 2025.

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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..