Naira loses 19 kobo, ends week at ₦1,533.74 per dollar

The Nigerian Naira closed the trading week slightly weaker against the U.S. dollar, losing 19 kobo at the official foreign exchange market on Friday, August 1, 2025.

According to figures published on the Central Bank of Nigeria’s (CBN) official website, the Naira ended Friday at ₦1,533.74 per dollar, compared to ₦1,533.55 recorded on Thursday.

The local currency had shown minor fluctuations throughout the week. On Wednesday, it traded at ₦1,534.52, reflecting a marginal depreciation from Tuesday’s rate of ₦1,533.18.

The movement signals continued pressure on the local currency amid ongoing efforts by monetary authorities to stabilise the forex market. While the depreciation is slight, it reflects broader challenges in Nigeria’s foreign exchange dynamics, including demand-supply imbalances and capital inflow constraints.