₦airaland Forum

The naira continued its recent streak of relative stability, closing the gap between the official and parallel exchange markets.

On Friday, the currency traded at N1,535 to the dollar in the parallel (black) market, just N1 less than the N1,536/$1 rate recorded at the official market.

Data on the Central Bank of Nigeria’s (CBN) website shows the naira closed at N1,536/$1 on Thursday, a depreciation from N1,531/$1 on Wednesday.

The naira traded at N1,540/$1 on Thursday in the parallel market, indicating a 0.33% appreciation by Friday, Nairametrics data shows.

Intra-day trading on Thursday shows that the naira traded highest at N1,538/$1 and lowest at N1,520/$1, according to data on CBN website on Friday.

Foreign reserves hit $37.78 billion
Nigeria’s foreign exchange reserves have climbed to $37.78 billion, up from $37.6 billion — a 0.37% increase — signaling a notable boost in the country’s external asset base. The development comes as part of ongoing efforts to stabilise the naira and attract foreign investment.

The uptick is largely attributed to higher dollar inflows from oil exports, diaspora remittances, and renewed investor confidence driven by recent monetary and fiscal reforms.

Analysts say the slight increase in reserves bodes well for the economy, as it strengthens the Central Bank’s ability to defend the naira, finance imports, and meet external obligations.

Inflation rate decelerates further in June 2025

The National Bureau of Statistics (NBS) reports that Nigeria’s headline inflation rate eased to 22.22% in June 2025, down from 22.97% recorded in May 2025.

The data shows that on a year-on-year basis, the headline inflation rate was 11.97% lower than the rate recorded in June 2024, which was at 34.19%.

The NBS noted that, on a month-on-month basis, the headline inflation rate in June 2025 stood at 1.68%, representing an increase of 0.15 percentage points from the 1.53% recorded in May 2025.

This indicates that the average price level rose at a faster rate in June compared to May 2025.

The percentage change in the average Consumer Price Index (CPI) for the 12 months ending June 2025, compared to the previous 12-month period, was 26.58%—a 3.42 percentage point decline from the 30.00% recorded in June 2024.

What you should know
CBN has announced that the 301st meeting of the Monetary Policy Committee (MPC), the country’s apex decision-making body on interest rate policy, will be held on Monday, July 21, and Tuesday, July 22, 2025, at its headquarters in Abuja.

At the 300th MPC meeting held in May 2025, the CBN opted to maintain a conservative stance, keeping the Monetary Policy Rate (MPR) unchanged at 27.5%.

givedemwotowoto:
The One Term President (OTP) will use anything and everything for propaganda. People want to see results in their daily lives jare, not all these media cho cho cho.

The level of corruption going on within this government while Nigerians face the most extreme hardships and insecurity from the most heartless and ruthless set of politicians is incredible.

I'm looking forward to a Peter Obi Presidency where Nigerians and journalists can do a lot of whistleblowing without fear of being victimized, and President will take action and not hide from the press.

givedemwotowoto:
The One Term President (OTP) will use anything and everything for propaganda. People want to see results in their daily lives jare, not all these media cho cho cho.

The level of corruption going on within this government while Nigerians face the most extreme hardships and insecurity from the most heartless and ruthless set of politicians is incredible.

I'm looking forward to a Peter Obi Presidency where Nigerians and journalists can do a lot of whistleblowing without fear of being victimized, and President will take action and not hide from the press.

givedemwotowoto:
The One Term President (OTP) will use anything and everything for propaganda. People want to see results in their daily lives jare, not all these media cho cho cho.

The level of corruption going on within this government while Nigerians face the most extreme hardships and insecurity from the most heartless and ruthless set of politicians is incredible.

I'm looking forward to a Peter Obi Presidency where Nigerians and journalists can do a lot of whistleblowing without fear of being victimized, and President will take action and not hide from the press.

kunle4toyeyaho:
Presidency of someone who could not proffer solution to common erosion problem for 8 years in his state? You think presidency is by 'yes daddily' rolling out fake statistics of Indonesia and China?

Validated:
One-timer
One-Chance
One Time President
Worst government
Notorious thieves
Back to Bourdillon
Back to Iragbiji
Tinubu ... Never Again

givedemwotowoto:
The One Term President (OTP) will use anything and everything for propaganda. People want to see results in their daily lives jare, not all these media cho cho cho.

The level of corruption going on within this government while Nigerians face the most extreme hardships and insecurity from the most heartless and ruthless set of politicians is incredible.

I'm looking forward to a Peter Obi Presidency where Nigerians and journalists can do a lot of whistleblowing without fear of being victimized, and President will take action and not hide from the press.

Rikze:
Tomorrow it jumps to 1,598.


We are now celebrating one naira appreciation. Next depreciation Will be 65 naira. No be juju be that?










Hahahahahahahahahahaha

CoronaVirusPro:
God bless His Excellency, President Asiwaju Bola Ahmed Tinubu (GCFR)

We making progress

givedemwotowoto:
The One Term President (OTP) will use anything and everything for propaganda. People want to see results in their daily lives jare, not all these media cho cho cho.

The level of corruption going on within this government while Nigerians face the most extreme hardships and insecurity from the most heartless and ruthless set of politicians is incredible.

I'm looking forward to a Peter Obi Presidency where Nigerians and journalists can do a lot of whistleblowing without fear of being victimized, and President will take action and not hide from the press.

kunle4toyeyaho:
Presidency of someone who could not proffer solution to common erosion problem for 8 years in his state? You think presidency is by 'yes daddily' rolling out fake statistics of Indonesia and China?

Pauladex:
Many people didn't have the mental capacity to understand that the hardship we are facing is as result of past economic mismanagement and they didn't care if another person come and take them back to square one. How foolish people can be?

Kennyfancy:
My friend carry the naira to where it's was before you and ur Evil people enter power

abc115:
https://nairametrics.com/2025/07/18/naira-stabilises-as-exchange-rate-gap-narrows-to-n1-across-parallel-and-official-markets/

anonimi:
World Bank offers Nigeria forex rate advice, as Tinubu eyes N200/Dollar rate

April 23, 2023

The President-elect said he would work with the Central Bank of Nigeria (CBN) to *bring down the exchange rate to N200 in his first term.*

“My administration will collaborate with the Central Bank to harmonize the fiscal and monetary policy to achieve immediate stabilization of the value of the naira against the US dollars and other currencies and in the short term, strengthen the naira by boosting the supply of foreign currency and moderating demand.

“The short-term goal is to achieve a naira/dollar rate of 300 naira/US$ and gradually achieve a less than 200 naira rate over the next four years, Tinubu stated.

https://www.ripplesnigeria.com/world-bank-offers-nigeria-forex-rate-advice-as-tinubu-eyes-n200-dollar-rate/?amp

Kennyfancy:
My friend carry the naira to where it's was before you and ur Evil people enter power

Mysterio99:
If you know how much Nigeria paid every month to artificially subsidize the naira, you wouldn't be saying this.

Abishol123:
The level of ignorance in this country is unimaginable, ugh !!!