The naira began the new trading week on a stronger footing, settling below the N1,460 per dollar mark and signalling improved calm in the foreign exchange market.
Central Bank of Nigeria data showed the local currency closing at N1,456 to the dollar on Monday, an improvement from levels recorded toward the end of last week. The movement reflects a modest recovery following recent pressure, suggesting a more stable trend rather than a sharp rebound.
Market data also showed improved pricing at the parallel segment, where traders reported narrower spreads compared with the previous week. Dealers attributed the movement to better liquidity conditions and cautious positioning by market participants at the start of the week.
The News Chronicle gathered that sustained CBN interventions, combined with steady inflows from trade and remittances, have helped anchor the naira despite ongoing demand pressures. Analysts say seasonal factors typically influence December trading, but current conditions point to a more controlled exchange rate environment than seen earlier in the year.
While import demand and global oil price movements continue to pose risks, the naira’s recent performance has improved confidence among businesses and investors seeking predictability in pricing and planning.
The currency’s stability also comes as attention turns to the Federal Government’s 2026 budget assumptions, which project a lower exchange rate benchmark. Market watchers say fiscal clarity and consistent policy execution will be key to sustaining gains and limiting short term volatility in the months ahead.
