LAGOS, NIGERIA — WEDNESDAY, SEPTEMBER 2, 2026 — Nigeria’s foreign exchange market opened Wednesday with the naira holding relatively firm, as the dollar continued to trade around the ₦1,400 mark in the parallel market, while the official market remained significantly stronger.

Latest market reports placed the dollar at about ₦1,395 to buy and ₦1,403 to sell in the parallel market, highlighting continued demand for foreign currency among businesses, importers and other dollar users. Official market indicators, meanwhile, placed the naira in the ₦1,327–₦1,335 range per dollar, according to the latest available trading data.

The gap between the official and parallel markets remains a major focus for traders and policymakers, although the relatively narrow movement in the naira suggests that improved dollar liquidity is helping to contain fresh volatility.

The Central Bank of Nigeria’s continued efforts to manage liquidity and support naira assets are also expected to remain critical in determining the currency’s direction in the coming days.

For now, the naira is holding its ground—but with the dollar still commanding around ₦1,400 on the streets, Nigeria’s FX market remains a battle between improving official stability and stubborn demand for foreign currency.