The Naira experienced a notable appreciation against the United States dollar on Monday at the official foreign exchange market, starting the week positively as the Yuletide season approaches.

Data from the Central Bank of Nigeria indicated that the Naira strengthened to N1,456.56 per dollar on Monday, an improvement from N1,464.49 traded on Friday, December 19, 2025.

This signifies that the Naira gained N7.93 against the dollar compared to the N1,464.49 rate recorded on Friday, December 19, 2025. According to DAILY POST, the increase seen on Monday at the official FX market marks the first gain since December 15th.

In contrast, at the black market, the Naira remained steady at N1500 per dollar on Monday, as reported by several Bureau De Change operators in Wuse Zone 4, Abuja.

This development coincides with the country’s external reserves, which stood at $44.66 billion as of last Friday.

Frequently Asked Questions

What was the exchange rate of the Naira against the dollar on Monday?

On Monday, the Naira was exchanged at N1,456.56 per dollar.

How much did the Naira gain compared to Friday's rate?

The Naira gained N7.93 compared to the rate of N1,464.49 on Friday, December 19, 2025.

What is the current status of the Naira in the black market?

The Naira remained stable at N1500 per dollar in the black market on Monday.

What are Nigeria's external reserves as of last week?

As of last Friday, Nigeria's external reserves stood at $44.66 billion.

Eze Chidiebere Paul

Eze Chidiebere Paul

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