The Nigerian Naira showed cautious stability against the United States Dollar on Thursday, April 9, 2026, trading around ₦1,379.50 at the official market.
Early figures from the Nigerian Foreign Exchange Market (NFEM) indicated a mild gain from an intraday low of ₦1,378.98, reflecting gradual consolidation amid steady regulatory oversight and moderate foreign exchange inflows.
Activity in the official segment remained balanced, with the Naira briefly touching ₦1,380.00 before settling.
Analysts attributed the relative calm to consistent dollar supply to banks, which helped reduce volatility.
Meanwhile, the parallel market experienced slightly higher demand, with rates in major cities like Lagos, Kano, and Port Harcourt ranging between ₦1,415 and ₦1,430 per Dollar.
Despite the premium, the gap between official and street rates remains manageable, offering businesses some predictability in foreign transactions.
Market watchers are closely monitoring whether the Naira can maintain support at ₦1,379 as trading continues.
