Naira gains N0.51 against dollar at official window, closes flat at black market

The Nigerian currency, the Naira, saw a slight gain of N0.51 against the US dollar at the official window on Monday, July 28, 2025, according to data from the Central Bank of Nigeria (CBN). The exchange rate closed at N1 to 1 US dollar, representing a marginal improvement from the previous trading day.

Meanwhile, at the black market, the Naira maintained its rate against the dollar at 1 to 1. The currency also closed flat against the British Pound, Canadian dollar, and Euro, with no significant changes in their exchange rates.

These developments indicate a relatively stable performance of the Naira in the foreign exchange market.