The Nigerian naira opened trading on a steady note on Monday, January 19, 2026, holding firm against the US dollar at the official foreign exchange market.
Data from the Nigerian Foreign Exchange Market showed the currency exchanging at an average rate of ₦1,420.59 per dollar in early trading, reflecting a mild appreciation from the previous week’s close.
Market activity indicated limited volatility, with the naira briefly touching ₦1,422.59 before gaining strength.
Analysts link the relative calm to sustained liquidity management by the Central Bank of Nigeria and improving external reserves.
In the parallel market, the naira remained stable but continued to trade at a premium.
Bureau de Change operators quoted buying rates between ₦1,465 and ₦1,470 per dollar, while selling rates ranged from ₦1,472 to ₦1,475.
Economists say easing inflation pressures, stronger remittance inflows, and higher oil revenues are supporting confidence in the currency as Nigeria progresses through a consolidation phase in 2026.
