The Naira remained stable against the US Dollar on Monday across both the official Nigerian Foreign Exchange Market (NFEM) and the parallel market.
The official exchange rate stood at ₦1449.84 per dollar.
In the parallel market, the Naira continued to trade at a stronger rate than the official window, with traders reporting figures between ₦1,480 and ₦1,490 to the dollar in major cities such as Lagos and Abuja.
This steady performance mirrors the trend observed toward the end of last week, indicating that the Central Bank of Nigeria’s recent monetary and liquidity measures may be helping to keep the market stable.