The Nigerian naira remained relatively stable against the US dollar on Tuesday, January 13, 2026, reflecting a calm start in the foreign exchange market.Officially, the naira opened at 1,424.24 per dollar, fluctuating mildly to a high of 1,425.56 and a low of 1,422.99 during early trading.
This mirrors last week’s close of 1,424.27, as reported by the Central Bank of Nigeria (CBN).
Analysts suggest the steady movement signals a consolidation phase, with investors reacting to recent cash injections and policy guidance from the apex bank.
In the parallel market, the dollar exchanged for between 1,450 and 1,465 naira, depending on location and transaction size.
Bureau de Change operators noted moderate demand driven by holiday travel and school fees, though speculative activity remained low.
Experts predict the naira’s near-term performance will hinge on continued dollar supply, global oil prices, and foreign reserve levels.
