The Nigerian Naira opened the week on a positive note, strengthening to ₦1,413.41 per US dollar in the official foreign exchange market on Monday, January 26, 2026.
Analysts attribute the improvement to enhanced liquidity, strategic interventions by the Central Bank of Nigeria (CBN), and sustained inflows from crude oil sales and foreign portfolio investments.
The official market’s upward movement reflects narrowing gaps between official and parallel exchange rates, signalling growing stability. Last week, the Naira closed at ₦1,421.90 per dollar, showing notable progress.
In the parallel market, the dollar traded between ₦1,475 and ₦1,490 in major hubs like Lagos, Abuja, and Kano.
Available supply has largely met retail demand for travel and small business transactions, preventing major speculative spikes.
Financial experts say the transparent pricing mechanism in the Nigerian Foreign Exchange Market (NFEM) is helping businesses plan effectively while reducing sudden market shocks, setting a positive tone for Q1 2026.
