According to data from the official foreign‑exchange market, the naira was trading at roughly ₦1,367.29 per US dollar on Tuesday in the regulated Nigerian Foreign Exchange Market (NFEM).
This indicates sustained stability in the formal foreign‑exchange market, supported by ongoing liquidity‑management measures by the monetary authorities.
In the parallel (black‑market) segment, the dollar was quoted at approximately ₦1,400. The differential between the official NFEM rate and the parallel market stayed modest, around ₦33 per dollar.
Analysts expect the naira’s performance to remain tied to dollar liquidity, oil‑export receipts, foreign‑portfolio inflows, and the Central Bank of Nigeria’s foreign‑exchange interventions.
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