The naira maintained stability on Thursday, trading at around ₦1,440 to the U.S. dollar on the official Nigerian Foreign Exchange Market (NFEM).

Data from the NFEM showed an official volume-weighted average price (VWAP) of ₦1,439.90 per dollar.

In the parallel market, black market traders in Lagos sold the dollar between ₦1,460 and ₦1,469, while buying around ₦1,450, reflecting a narrow premium of roughly 2% between both markets.

The sustained stability in the exchange rate follows recent policy actions and liquidity management steps by the Central Bank of Nigeria (CBN). These measures have enhanced interbank flows and helped curb volatility in the foreign exchange market.

Analysts note that a smaller gap between the official and parallel market rates benefits importers, small businesses, and remittance users by easing cost pressures. It also strengthens investor confidence in Nigeria’s currency market, signalling improved market cohesion.

After months of volatility earlier in 2025, the naira appears to be regaining strength. Trading in November has seen the currency hover around the mid-₦1,400 levels across both markets, supported by better forex inflows and cautious monetary policies by the CBN.