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The Naira maintained steady momentum against the United States Dollar in the early hours of Wednesday, April 15, 2026, as market participants weighed recent economic data alongside ongoing central bank interventions.
At the Nigerian Foreign Exchange Market (NFEM), the official window opened with the Naira trading at N1,352.25 per Dollar. Early trading data showed only slight movements, with the Nigerian currency touching a high of N1,352.50 before easing back close to its opening level. The relative calm reflects continued efforts by monetary authorities to manage liquidity and limit volatility in the official market.
In the parallel market, the US Dollar maintained a premium, driven by consistent demand for retail transactions and small-scale imports. Bureau De Change operators in key cities, including Lagos, Abuja, and Kano, quoted rates between N1,460 and N1,485. While this segment remains reactive to daily demand pressures, the stability in the official market has helped provide some psychological support for the Naira.
Analysts link the current trend to improved foreign reserve levels and targeted interest rate policies, though they warn that strong demand for foreign exchange—particularly for travel, education, and energy imports—continues to pose a risk to sustained stability.
