The naira appreciated against the United States dollar at the official foreign exchange market on Monday, starting the week on a positive note ahead of the Yuletide season.
Data from the Central Bank of Nigeria (CBN) showed that the local currency strengthened to N1,456.56 per dollar on Monday, compared with N1,464.49 recorded on Friday, December 19, 2025.
This represents a gain of N7.93 for the naira against the dollar, marking its first appreciation at the official market since December 15, Nigerian Newsphere reports.
Meanwhile, the naira remained unchanged at the parallel market, trading at N1,500 per dollar on Monday, according to several Bureau De Change operators in Wuse Zone 4, Abuja.
The currency movement comes amid sustained external buffers, with Nigeria’s foreign exchange reserves standing at $44.66 billion as of last Friday.
