The Naira recorded its first appreciation against the dollar at the official foreign exchange market on Thursday.

This is Naira’s first gain since last week Friday, 15th August, 2025.

According to the Central Bank of Nigeria, the naira strengthened slightly to N1,535.78 against the dollar on Thursday from N1,536.73 traded on Wednesday.

This means that the country’s currency firmed up marginally by N0.95, or 0.062 percent, on a day-to-day basis.

Meanwhile at the black market, the Naira remained stable at N1,550 per dollar on Thursday, the same exchange rate recorded the previous day.

The development comes as the country’s external reserves further rose to $41.05 billion mark as of Wednesday, 20th August 2025, up from $38.25 billion recorded on the 21st of last month.