Trending 
The Naira has traded within a stable range against the United States (US) dollar across both the official and parallel foreign exchange markets.
Data from the Central Bank of Nigeria (CBN) showed the naira trading between ₦1,374 and ₦1,377 per dollar at the Nigerian Foreign Exchange Market (NFEM).
At the parallel market, also known as the black market, the dollar sold for between ₦1,390 and ₦1,397, while buying rates ranged from ₦1,385 to ₦1,390 depending on location and transaction volume.
The gap between the official and black market rates remained narrow, reflecting ongoing efforts by the apex bank to stabilise the foreign exchange market and improve liquidity.
Currency traders said demand for foreign exchange from importers, travellers, students paying tuition abroad, and businesses continued to put pressure on the naira despite recent stability in the market.
