The naira extended its recent rally on Monday, October 6, 2025, trading at N1,466 per dollar in the official Nigerian Foreign Exchange Market (NFEM).
In the parallel market, the local currency traded slightly stronger at N1,450 per dollar, reflecting sustained investor confidence and improved foreign exchange inflows.
Traders attributed the naira’s stability to continued dollar inflows and modest liquidity injections by monetary authorities aimed at easing pressure on the local currency.
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According to updates from AbokiFX, dealers were quoting buy and sell rates between N1,445 and N1,460 to the dollar in the black-market segment on Monday.
Market watchers said the naira’s recent performance suggests a cautious but steady improvement in Nigeria’s foreign exchange dynamics.