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Nigeria recorded a 23.2% year‑on‑year rise in net foreign‑exchange inflows, reaching $35.77 billion in the first half of 2026, driven by stronger autonomous source receipts and a sharp fall in outflows.
On October 9, 2026, the naira showed little movement, with the official NFEM rate near 1,329 per dollar and the parallel market around 1,385. Analysts attribute the calm to solid reserves and ongoing CBN liquidity measures.
The naira edged lower to N1,332.10 against the US dollar in the official market on Thursday, a drop of N0.33 from the previous day, while the parallel market rate remained unchanged at N1,385 per dollar.
The naira fell to N1,362/$ in the parallel market on Tuesday, while the official rate in the Nigerian Foreign Exchange Market improved to N1,331.5/$. Interbank turnover in the NFEM surged by over 330%, widening the gap between the two markets.