The naira weakened further the day gone by, trading at ₦1,540 to the U.S. greenback in the parallel (dark) market, down from ₦1,535 on the weekend.
In the reliable Nigerian Foreign Substitute Market (NFEM), the naira also lost payment, moving to ₦1,535.50 per greenback when put next with ₦1,534.50 on Friday.
Information from the Central Bank of Nigeria indicate the naira’s reliable rate fell by one kobo, widening its gap over the parallel market to ₦4.50 per greenback, with the spread between the 2 markets holding exact at 50 kobo.
/https://sportsmole-media-prod.s3.gra.io.cloud.ovh.net/uploads/2025/07/imago1062130987-6888a841ab298770914190.jpg)
/https://sportsmole-media-prod.s3.gra.io.cloud.ovh.net/24/35/chelsea.jpg)
/https://sportsmole-media-prod.s3.gra.io.cloud.ovh.net/uploads/2025/07/bronze-68889f2e066ae710858345.jpg)
/https://sportsmole-media-prod.s3.gra.io.cloud.ovh.net/24/31/jim-goodwin.jpg)