The naira recorded important appreciation against the parallel overseas trade market on Monday following the Christian holidays.
A Bureau De Change operator in Wuse Zone 4, Abubakar Hassan, advised DAILY POST that the naira exchanged at N1,475 per dollar on Monday, up from N1,490 traded earlier than the Christmas holidays.
“It was on account of drop in demand,” he mentioned.
This represents a big increase of N15 against the US dollar on Monday.
Equally, information from the Central Financial institution of Nigeria confirmed that the naira additionally strengthened on Monday to N1,442.51 per dollar, up from N1,443.38 on Wednesday, 24 December 2025. On the official market, the naira recorded a N0.87 achieve in contrast with the N1,443.38 traded on Christmas Eve.
The event comes because the nation’s exterior reserves grew by 7.28 per cent on a month-on-month foundation.
