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[BUSINESS] · Nigeria · 6 sources

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Part of situation: Nigeria Naira exchange rate and liquidity dynamics (34 clusters)

Naira fluctuates against US Dollar in Nigerian foreign exchange markets

Naira exchange rate foreign exchange market Central Bank of Nigeria US Dollar external reserves

The Nigerian Naira experienced slight fluctuations against the US Dollar across different exchange windows. In the Nigerian Autonomous Foreign Exchange Market (NAFEM), the currency closed at approximately N1,332 per US Dollar, representing a marginal depreciation of about 0.08% week-on-week.

In the parallel market, the Naira appreciated by 0.14% week-on-week, settling at N1,359 per US Dollar. The spread between the official and parallel markets was reported at roughly N27.

Nigeria’s external reserves saw a modest increase of 0.02%, reaching US$55.09 billion. Analysts suggest that while the Naira remains sensitive to foreign exchange supply and demand pressures, the country's external reserves may serve as a buffer against currency volatility.

Entities

Central Bank of Nigeria · Naira · Nigerian Autonomous Foreign Exchange Market

Sources

Naira Falls Against US Dollar, NFEM Rate Closed At NGN1332 [dmarketforces.com]
Naira Holds Steady With Dollar At ₦1,333 [newscentraltv.com]
Naira Remains N1,331/$1 at Official Market, N1,358/$1 at Parallel Market [primanews.org]
Naira faces exchange rate gap as Dollar hits N1,380 on parallel market [nationaldailyng.com]
Dollar to Naira Today (October 19, 2026): NFEM Rate at ₦1,333, Black Market at ₦1,390 [www.withinnigeria.com]
Naira steadies at N1,333/$ as dollar demand remains elevated [nairametrics.com]