MON AUG 04 2025-theGBJournal| Naira stayed unchanged on Monday as it continues to trade within the $1500 – $1600 band at FX market, supported by positive sentiment from recent macroeconomic revisions.
Today’s trading however, reflected the sensitive market dynamics underscored by subdued FX inflows which often limits naira gains.
Last week, the Naira recorded a mild appreciation against the US dollar, following the IMF’s upward revision of Nigeria’s growth forecast.
At the Nigerian Autonomous Foreign Exchange Market (NAFEM), the currency gained 0.06% w/w, closing at N1,533.74/US$1 from N1,534.72/US$1 in the prior week.
The parallel market was unchanged at N1,540.00/US$1, keeping the street market premium at N6.26 (0.41%) over the official rate.
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