The Nigerian naira opened trading on Thursday, January 15, 2026, with mild fluctuations against the US dollar across both official and parallel markets.
Data from the Nigerian Foreign Exchange Market showed the currency exchanging at about ₦1,422.25 per dollar before weakening slightly to ₦1,423.42 in early trading.
Analysts described the movement as stable but highly sensitive to dollar liquidity.
At the parallel market, bureau de change operators in Lagos and Abuja quoted rates between ₦1,495 and ₦1,510 per dollar, reflecting sustained demand for foreign currency.
The gap between the two markets is being driven by travel expenses, school fees and small-scale import needs.
Market watchers say ongoing Central Bank interventions are helping to limit volatility and prevent sharper swings.
Barring major policy changes or oil price shocks, the naira is expected to trade within its current range through the week.
