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The naira edged stronger on Thursday, trading at N1,331.61 per dollar in the official market, while external reserves slipped to $55.09 billion and inflation eased to 14.64% in September.
The naira stayed largely unchanged on Tuesday, with the official market quoting about ₦1,332.5 per dollar and the black market trading between ₦1,365 and ₦1,390. Central Bank of Nigeria data show the currency confined to a narrow band amid continued demand for imports and travel.
On October 9, 2026, the naira showed little movement, with the official NFEM rate near 1,329 per dollar and the parallel market around 1,385. Analysts attribute the calm to solid reserves and ongoing CBN liquidity measures.
The naira edged lower to N1,332.10 against the US dollar in the official market on Thursday, a drop of N0.33 from the previous day, while the parallel market rate remained unchanged at N1,385 per dollar.
The naira fell to N1,362/$ 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.