The naira appreciated to N1,522 against the United States dollar in the Nigerian Foreign Exchange Market (NFEM) on Wednesday, September 3, 2025.
However, the naira depreciated to N1,540 against the dollar in the parallel market on Wednesday, from N1,537 per dollar recorded on Tuesday.
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Data published by the Central Bank of Nigeria (CBN) showed that the exchange rate for the nation’s currency fell to N1,522 per dollar from N1,525.45 per dollar on Tuesday, indicating N3.45 appreciation for the local currency.
The margin between the parallel market and NFEM rate widened to N18 per dollar from N11.55 per dollar recorded on Tuesday.
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