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The naira appreciated astatine the authoritative overseas speech marketplace connected Monday up of the Central Bank of Nigeria’s, CBN Monetary Policy Committee, MPC, involvement complaint decision.
CBN information showed that the naira gained somewhat to N1,380.10 per dollar connected Monday from N1,380.18 per dollar recorded past Friday.
This means that astatine the authoritative overseas speech market, the naira strengthened marginally by N0.08 connected Monday.
Meanwhile, astatine the achromatic market, the naira remained unchanged astatine N1,425 per dollar connected Monday, the aforesaid complaint recorded astatine the adjacent of trading past Friday.
Despite the mixed sentiment crossed the authoritative and parallel overseas speech markets, the country’s outer reserves person continued their appreciation streak, rising to $51.92 cardinal arsenic of July 16, 2026.
Monday’s speech complaint comes arsenic the Nigerian system braces for the result of the apex bank’s 306th MPC gathering connected Tuesday.
Currently, Nigeria’s benchmark involvement complaint stands astatine 26.50 percent, portion the ostentation complaint was 15.91 percent successful June, according to the National Bureau of Statistics (NBS).
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