Figures from market platforms showed the official Daily Nigerian Foreign Exchange Market rate standing near the mid-₦1,400s, while street traders offered the dollar slightly higher.
Naira holds firm across markets
At the official NFEM window, the volume-weighted average price settled between ₦1,441 and ₦1,444 for one US dollar.
In the parallel market, cash dealers quoted between ₦1,450 and ₦1,460, with many sellers clustering around ₦1,455.
Reports from market watchers indicated that the official rate traded in a narrow range all day.
This pattern followed several days of calm trading and modest inflows into the country’s FX windows.
Reasons behind the calm
Analysts said the stability came from better liquidity in formal channels and slowing inflation.
They added that recent Central Bank decisions have encouraged more cautious trading behaviour.
Fresh inflows from government securities and commodity earnings also helped to support reserves and steady the market.
Impact on Nigerians
People receiving remittances through banks will get rates close to the official mid-₦1,400s.
Those dealing in informal markets may earn slightly more or pay slightly extra when selling or buying dollars.
Importers still face pressure because the gap between both markets remains.
Small businesses without access to official FX may continue to feel higher costs.