The naira held firm on Monday, trading at approximately ₦1,466 to the US dollar in the official Nigerian Foreign Exchange Market (NFEM), maintaining its recent momentum.
In the parallel market, tracked by AbokiFX, the local currency traded slightly stronger at around ₦1,450/$, reflecting continued market stability.
Currency dealers attributed the naira’s steady performance to ongoing dollar inflows and moderate liquidity injections into the official market.
On AbokiFX’s live black-market feeds, buy/sell quotes ranged between ₦1,445 and ₦1,460, indicating subdued volatility and consistent supply-demand activity in the informal market.
