Naira Declines to N1,332.90/$ Amid Mixed FX Trading
On October 5, 2026, the naira closed at N1,332.90 per dollar, a slight decline from N1,332 on October 2. Data from the Nigerian Foreign Exchange Market (NFEM) indicated that the currency traded within a narrow range of N1,329 to N1,333.50 during the session, with a weighted average rate of N1,331.6875/$.
The latest closing rate was 90 kobo weaker than the previous rate recorded on October 2. Despite the fluctuations, the naira has remained relatively stable around the N1,330/$ level.
Trading volumes have varied significantly, highlighting uneven activity in the foreign exchange market. As of the report, the apex bank had not provided total deals data for NFEM on October 5, although 103 interbank deals were reported, with a total interbank turnover of approximately $72.12 million.
The recent daily figures follow a broader decline in foreign exchange trading activity during the week ending October 2, attributed to weakened spot-market activity.
Plus234Feed summary based on reporting from Nairametrics. Read the original report below.
Read full article
Continue on Nairametrics
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Related Stories
Naira Declines Against Dollar as FX Market Activity Slumps
Naira Depreciates N11 as FX Turnover Surges 70%
Naira Strengthens to N1,337/$ Amid Plunging FX Turnover
Naira Gains N1.13, Closes at N1,346.49 per Dollar
Naira Exchange Rate Rises Slightly Against Dollar on October 2
Naira Strengthens Against Dollar as CBN Reports Gains
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
