The Naira continued to fall this week and presently exchanges at N1,555/$1 on the parallel market on Wednesday, according to a reported market survey.

This indicates that the naira depreciated from N1550/$1, which it traded on Monday and Tuesday in the black market.

The development is coming just days before the Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) meeting.

In the official market, data from the Central Bank of Nigeria (CBN) shows the naira closed at N1,528.65/$1 on Monday, marking a slight appreciation from N1,532/$1 recorded earlier.

Intra-day trading on Monday highlighted continued volatility, with the naira fluctuating between a high of N1,532/$1 and a low of N1,515/$1.

Attention is now on the Central Bank of Nigeria’s Monetary Policy Committee (MPC), which will hold its 301st meeting between July 21 and 22, 2025. Monetary experts expect a cautious but strong stance in response to current economic conditions.

Analysts suggest that the July meeting may lead to a policy shift depending on recent macroeconomic indicators, including inflation levels, foreign exchange stability, and GDP growth forecasts.

The MPC’s decisions are closely watched for their impact on borrowing costs, investment flows, and Nigeria’s overall economic outlook.

The choice of the Bank to maintain, hike, or reduce rates will send critical signals to both local and international businesses and investors.