New Exchange Rate for Naira Against US Dollar, Pound, Euro, Other Currencies in All FX Markets
The Nigerian Naira closed positively against the US Dollar on Thursday, August 8, in all foreign exchange markets. The official exchange rate showed a slight appreciation from the previous day, with the Naira exchanging at 1 to the Dollar.
The Naira also gained against the Pound Sterling and Euro, reflecting an improving confidence and increased supply in the market. Traders confirmed the Naira's appreciation, with Abdullahi, a Bureau De Change trader, noting the positive trend.
Comercio Partners, an investment company, projected a steady range for the Naira against the Dollar, supported by foreign exchange inflow and Central Bank interventions. The stability in global commodity prices also contributed to the Naira's strength.
Overall, the Naira's performance in the foreign exchange market on August 8, 2025, was positive.
Plus234Feed summary based on reporting from Legit NG. Read the original report below.
Read full article
Continue on Legit NG
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Related Stories
Nigerian Naira Strengthens Against US Dollar in Official and Black Markets
Naira Sees Marginal Improvement in August with Rising Reserves
Nigerian Naira Strengthens to N150.6 Amid Reduced FX Pressure - CBN Update
FX Inflows from Oil Companies, Exporters Boost Naira’s Gain amid External Reserves Rise
Naira Weakens by N0.23 Against Dollar Officially, Black Market Sees Significant Gain
Nigerian Naira Hits 6-Month High Against US Dollar
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
