The naira extended its recent rally on Monday, October 6, 2025, trading at N1,466 against the United States dollar in the official Nigerian Foreign Exchange Market (NFEM).
In the parallel market, the naira traded slightly stronger at N1,450 per dollar, reflecting sustained investor confidence and improved foreign exchange inflows.
Traders attributed the local currency’s stability to continued dollar inflows and modest liquidity injections by monetary authorities aimed at easing pressure on the local currency.
Bitcoin hits new all-time record high
According to live updates from AbokiFX, dealers were quoting buy and sell rates between N1,445 and N1,460 to the dollar in the black-market segment on Monday.
Market watchers said the currency’s recent performance suggests a cautious but steady improvement in Nigeria’s foreign exchange dynamics.
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