Naira opened the week on a steady note on Monday, April 6, 2026, trading around ₦1,377.80 against the United States Dollar in the official market, according to data from the Nigerian Foreign Exchange Market.
The figure reflects only marginal movement from last week’s closing rate of ₦1,380.79, indicating relative stability in the local currency despite global dollar pressures.
Trading activity remained calm, supported by ongoing reforms and the Electronic Foreign Exchange Matching System, which analysts say has improved transparency and price discovery.
In the parallel market, the naira also showed volatility, exchanging between ₦1,405 and ₦1,415, leaving a narrow gap of about ₦32 between both segments.
Market observers attribute the steadiness to tighter monetary policy, sustained remittance inflows and improved coordination among regulators and currency dealers.
Analysts expect the naira to trade within a tight band in the near term as attention shifts to reserves, oil earnings and foreign inflows
