The Naira, on Monday, depreciated against the dollar at the official foreign exchange market.
The situation was revealed by the Central Bank of Nigeria’s exchange data at the close of work on Monday.
The apex bank exchange rate data showed that the Naira weakened marginally to N1,536.42 against the dollar on Monday, down from N1,535.04 traded at the end of last week on Friday.
In others words, the Naira dropped by N1.38 against the dollar on Monday, compared to the N1,535.04 traded on Friday.
While Nigeria’s currency failed to gain at the official market, it appreciated slightly by N2 in the black market to N1548 per dollar, up from N1,550, a Bureau de Change operator at Wuse Zone 4, Abubakar Alhasan said.
Naira’s mixed sentiment recorded at both exchange markets on Monday comes at a time the country’s external reserves swelled to $41.11 billion as of 22nd August 2025, CBN data showed.