The naira appreciated to N1,535 against the United States dollar in the Nigerian Foreign Exchange Market (NFEM) on Friday, August 22, 2025.
The naira, however, depreciated to N1,550 per dollar in the parallel market from N1,545 per dollar recorded on Thursday.
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Data published by the Central Bank of Nigeria (CBN) showed that the exchange rate for the local currency fell slightly to N1,535 per dollar from N1,535.5 per dollar on Thursday, indicating 50 kobo appreciation for the naira.
The margin between the parallel market and the NFEM rate widened to N15 per dollar from N9.9 per dollar on Thursday.
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