The naira showed renewed strength on Tuesday, October 7, 2025, trading in the mid-₦1,400 range across both official and parallel markets as foreign exchange liquidity improved and the Central Bank of Nigeria (CBN) continued its market interventions.
At the Nigerian Foreign Exchange Market (NFEM), official data placed the naira between ₦1,464 and ₦1,466 per U.S. dollar in volume-weighted trading. Market trackers citing CBN and NFEM figures confirmed that the currency held firm within that band throughout the trading session.
Alternative CBN data from end-of-day reporting showed a rate of ₦1,465.2 per dollar, while other outlets quoting CBN bulletins and Efem series recorded a slightly higher closing figure of ₦1,470.26.
In the parallel market, rates hovered between ₦1,470 and ₦1,480 to the dollar, according to AbokiFX and several local market monitors. The narrow gap between official and street rates suggests increased dollar supply and better alignment between the two markets.
Traders attribute the naira’s stability to stronger FX inflows, sustained CBN liquidity operations, and the regulator’s matching platform designed to enhance market transparency. Analysts also noted that global factors — including a stronger U.S. dollar and fluctuating investor sentiment — continued to influence market flows.
CBN liquidity operations remain the key focus this week, with traders closely monitoring the central bank’s NFEM releases and open market activities for further indications of sustained dollar supply.
Observers are also watching the parallel market premium — the difference between NFEM and AbokiFX rates — as a gauge of whether official market stability is filtering into the retail and Bureau de Change segments.
Additionally, oil receipts and global dollar movements remain pivotal drivers for the naira’s next direction.
As of Tuesday afternoon, both official and black-market traders described sentiment as cautiously optimistic, with expectations that continued FX inflows and central bank consistency could help the naira maintain its gains through the week.
