Table of Contents
- Naira Appreciation Against the Dollar
- Central Bank Data
- Black Market Performance
- Foreign Reserves Status
The Nigerian Naira strengthened against the US dollar on Monday in the official foreign exchange market, starting the week on a positive note.
Data from the Central Bank of Nigeria indicated that the Naira appreciated to N1,451.82 against the dollar on Monday, moving up from N1,454.41 recorded on Friday of the previous week.
This indicates that the Naira gained N2.59 against the dollar on Monday compared to the N1,454.41 noted at the end of trading on Friday.
In contrast, at the black market, the Naira experienced a slight decline of N2, trading at N1,493 per dollar on Monday, down from N1,495.
This change occurs amidst a steady increase in the country's foreign reserves, which stood at $45.47 billion as of December 12, 2025.
Last week, DAILY POST reported that the
What caused the Naira to appreciate against the dollar? The appreciation of the Naira against the dollar was influenced by various factors, including positive data from the Central Bank of Nigeria and a rise in the country's foreign reserves.
The appreciation of the Naira against the dollar was influenced by various factors, including positive data from the Central Bank of Nigeria and a rise in the country's foreign reserves.
How does the black market rate compare to the official rate? The black market rate is generally higher than the official rate. On Monday, the Naira traded at N1,493 per dollar in the black market, while the official rate was N1,451.82.
The black market rate is generally higher than the official rate. On Monday, the Naira traded at N1,493 per dollar in the black market, while the official rate was N1,451.82.
What is the current status of Nigeria's foreign reserves? As of December 12, 2025, Nigeria's foreign reserves stood at $45.47 billion, reflecting a continued increase.
As of December 12, 2025, Nigeria's foreign reserves stood at $45.47 billion, reflecting a continued increase.
Eze Chidiebere Paul
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