Introduction

The Nigerian currency maintained relative stability against the US dollar on Friday, September 25, 2026, as forex markets showed limited volatility across both official and informal trading segments. Traders and businesses monitored daily movements as the central bank’s recent interventions continued to influence liquidity.

What Happened

At the Nigerian Foreign Exchange Market, the intraday rate opened near N1,326 per dollar and traded within a narrow band before settling around N1,326.06. This represents a modest improvement from the previous session’s close of N1,328. In the parallel segment, commercial hubs reported dollar availability around N1,370, with selling prices ranging between N1,374 and N1,380. The differential between the two windows narrowed to approximately N50, reflecting improved supply conditions.

Why This Matters

Stable exchange rates directly affect import costs, inflation expectations, and the purchasing power of everyday Nigerians. When the naira holds its value, transportation, manufacturing, and household budgets experience less pressure. Analysts note that consistent foreign reserve accumulation and deliberate CBN measures have been key to preventing sharp depreciation, making this period significant for economic planning.

Key Takeaways

  • Official market close: Approximately N1,326.06 per dollar, up from N1,328.00 in the prior session.
  • Parallel market range: Traders quoted dollars between N1,374 and N1,380, with buying prices near N1,370.
  • The gap between windows remained within the N46–N54 range, indicating balanced demand.
  • A $1,000 transaction cost about N1.33 million officially and roughly N1.37 million on the informal market.
  • CBN policy actions and external reserve growth are cited as primary drivers of the current stability.

Conclusion

Friday’s forex data suggests the naira is on a steady footing as September 2026 progresses. With sufficient liquidity and active policy support, market participants expect the calm to persist through the remainder of the week, though vigilance remains necessary as global commodity shifts and domestic fiscal moves can quickly alter trajectories.