Naira Appreciates to ₦1,487.36/$ as CBN Cuts Policy Rate to Spur Growth

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According to CBN data, the naira gained 0.08% compared to Monday’s rate of ₦1,488.60/$, extending a week-long streak of modest appreciation driven by foreign inflows and policy support. Parallel Market Holds SteadyIn the parallel market, also known as the black market, the naira held firm at ₦1,515/$, traders confirmed. Learn more in our full editorial policy© 2025 Naija247news Media Group LLC. Naija247news Media Group LLC is committed to ethical, independent journalism that serves the public interest. Learn more in our full editorial policy here © 2025 Naija247news Media Group LLC.