The Nigerian naira began the final week of January 2026 on a positive note, recording a notable gain against the United States dollar in the official foreign exchange market.
The appreciation is attributed to improved market liquidity and sustained strategic interventions by the Central Bank of Nigeria (CBN), aimed at stabilising the currency and easing pressure on foreign exchange demand. Analysts note that recent policy measures have helped boost confidence in the official window, encouraging increased participation by market players.
While the parallel market continues to experience volatility, the official market’s performance reflects ongoing efforts by monetary authorities to narrow exchange rate gaps and reinforce transparency in forex transactions.
Market watchers will be closely monitoring developments in the coming days to assess whether the naira can sustain this momentum amid broader economic and global market dynamics.
