The Nigerian Naira recorded mixed trends against the US dollar on Wednesday, with fluctuations observed across both official and parallel markets. While some windows showed slight gains, others experienced minor declines, reflecting market uncertainty.

At the official interbank rate, the Naira remained relatively stable, trading within narrow margins, while the black market exhibited higher volatility with rates moving in response to demand and supply pressures. Analysts attribute the mixed performance to foreign exchange interventions by the Central Bank and ongoing economic pressures.

Investors and businesses continue to monitor the exchange rates closely, as the disparity between official and parallel market rates impacts imports, exports, and the overall cost of living. Traders advised caution and urged Nigerians to transact through official channels where possible.

Experts warn that sustained volatility in the Naira could affect inflation, foreign investment, and economic growth, urging the government to maintain policies that promote exchange rate stability.