The Nigerian Naira opened trading on Tuesday, January 20, 2026, at ₦1,419.37 per US dollar, signalling a steady start amid investor optimism and government plans targeting 4.68 percent economic growth this year.
By mid-morning, the currency strengthened slightly to ₦1,417.53, reflecting a modest 0.13 percent gain.
Analysts attribute the stability to the Central Bank of Nigeria’s (CBN) ongoing interventions, improved transparency, and better management of external debt.
Officials note that recent reforms and currency revaluations have helped stabilise the debt-to-GDP ratio, giving businesses and investors predictable market conditions.
Meanwhile, the parallel market remains slightly above official rates, with dollars trading between ₦1,465 and ₦1,480 in major cities.
The gap between official and informal rates has narrowed significantly, indicating reduced speculative pressure.
Experts expect the Naira to maintain stability, supported by easing inflation, rising oil revenues, and continued CBN policies balancing liquidity with growth objectives.