The naira appreciated to N1,560 against the United States dollar in the parallel market on Monday, August 11, 2025.
The naira appreciated from N1,565 per dollar recorded last Friday.
However, the local currency depreciated to N1,538.4 per dollar in the Nigerian Foreign Exchange Market (NFEM).
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Data published by the Central Bank of Nigeria (CBN) showed that the exchange rate for the naira rose to N1,538.4 per dollar from N1,534.9 per dollar last weekend, indicating N3.5 depreciation for the currency.
The margin between the parallel market and NFEM rate narrowed to N21.6 per dollar from N30.1 per dollar last weekend.
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