The naira appreciated against the United States Dollar to N1,536.8/$ in the Nigerian Foreign Exchange Market (NFEM) on Tuesday, August 12, 2025.
The naira also appreciated to N1,555 per dollar in the parallel market from N1,560 per dollar recorded on Monday.
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Data published by the Central Bank of Nigeria (CBN) showed that the exchange rate for the local currency fell to N1,536.8 per dollar from N1,538.4 per dollar on Monday.
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This showed a N2.2 appreciation for the currency.
The margin between the parallel market and NFEM rate narrowed to N18.2 per dollar from N21.6 per dollar on Monday.
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