The Naira appreciated to ₦1,540/$1 at the official market as improved FX liquidity boosts investor confidence. Gains were also recorded against the Pound and Euro. Meanwhile, the black market rate held at ₦1,610/$1. Crypto markets turned bullish amid Solana ETF optimism, with major coins posting gains except Bitcoin.
- Official Rate: Naira rose by ₦12.38 to ₦1,540.24/$1
- Pound & Euro: ₦28.24 and ₦20.69 gains respectively
- Black Market: Held steady at ₦1,610/$1
- Crypto Market: Solana led gains on ETF approval buzz
- Bitcoin: Down by 0.1% to $109,486.50
The Naira’s rebound at NAFEM points to growing confidence in the CBN’s FX reforms, with a stabilising black market showing signs of alignment. Crypto optimism, especially around Solana, is driving renewed interest in digital assets as traditional and decentralised markets respond to policy shifts and regulatory cues.
