Naira appreciates to N1,497/$ at official market — first time since March
[NigerianEye - Nigeria] - 16/09/2025
The naira appreciated to N1,497.46 per dollar at the official foreign exchange (FX) market on Monday. The currency appreciated by 0.21 percent from N1,501.49/$ recorded on September 12. The current rate represents the strongest performance since March 4, when the price of a dollar was N1,491.67/$. According to the Nigeria Foreign Exchange Market (NFEM), a platform that oversees the official FX trading in Nigeria, the local currency has appreciated steadily since the beginning of the month. Between September 1 and September 4, the local currency strengthened to N1,526.09/$, N1526.05/$, (…)
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