Naira Gains Officially to ₦1,545/$, Weakens to ₦1,605/$ on Parallel Market
According to the CBN and Nairametrics, the naira appreciated slightly to ₦1,545/$ at the official market on Friday, June 21, 2025, but weakened to ₦1,605/$ on the parallel market. This tug of two currents widened the exchange rate gap as traders responded to oil gains and falling inflation……READ ORIGINAL & FULL CONTENT HERE
Official rate improved to ₦1,545/$, up from ₦1,546/$ the previous day.
Black market rate closed at ₦1,605/$, down from ₦1,590/$ on Monday.
External reserves fell daily, ending the week at $37.713 billion.
Inflation eased to 22.97% in May, offering signs of stability.
Global oil prices rose following renewed conflict fears in the Middle East.
When a tug of two currents shapes the value of money, official optimism may clash with everyday struggle. The naira is navigating two tides, one of policy, one of perception.
In this tug of two currents, which rate feels more real, what’s printed or what’s paid?..…READ ORIGINAL & FULL CONTENT HERE
Source: CBN, Nairametrics, NBS