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.