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The Nigerian Naira dipped slightly against the US Dollar in early trading on Thursday, April 23, 2026.
In the official Nigerian Foreign Exchange Market (NFEM), the Naira opened weaker, with a similar drop in both the official and parallel markets. Real-time data from the FMDQ Securities Exchange shows the Naira trading at an average of 1,351.59 Naira per dollar. This is a small decline from earlier in the week, when the currency had support near 1,347 Naira per dollar.
While the Central Bank of Nigeria (CBN) continues its float policy, investors are closely watching trading volumes at the official window. This policy helps prevent extreme fluctuations in the currency while ensuring major sectors can still access foreign currency.
Overall, the Naira’s drop was modest, and the market remains stable for now.
