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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.
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.
Dangote refinery reduces petrol price
This showed a N2.2 appreciation for the currency.
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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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