The Nigerian naira maintained a stable footing across both official and parallel foreign exchange windows, reflecting persistent liquidity management by monetary authorities.
Data from the Central Bank of Nigeria placed the official exchange rate at ₦1,347.26 per U.S. dollar. Official buy rates held at ₦1,347.26 while sell rates were recorded at ₦1,346.26.
Meanwhile, parallel market trading desks in commercial centers reported the greenback changing hands at ₦1,388 for buyers and ₦1,382 for sellers. The tight margin between official figures and street rates highlights a continued narrowing of historical market distortions.
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