FX Update: Naira Gains to ₦1,555 per Dollar in Parallel Market
The naira gained slightly in the parallel market on August 12, 2025, trading at ₦1,555 per US dollar compared to ₦1,560 the previous day.
In the official Nigerian Foreign Exchange Market (NFEM), the currency also strengthened marginally to ₦1,536.8 per dollar from ₦1,538.4. This movement narrowed the gap between the official and parallel markets to ₦18.2, down from ₦21.6 a day earlier.
The improved rates point to a modest easing of pressure in both markets and may reflect early signs of stability in Nigeria’s foreign exchange environment.
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