The Nigerian Naira maintained a steady path against the United States Dollar early this Thursday across both the official market and the informal parallel segments, continuing a pattern of relative calmness in the local foreign exchange market.
In the Nigerian Foreign Exchange Market (NFEM), the official window for formal trade, data from the opening sessions on May 21, 2026, shows the Naira trading at 1,371.25 per US Dollar.
This morning’s performance follows closely on the heels of recent trading sessions handled by the Central Bank of Nigeria (CBN), where daily averages hovered around 1,373 Naira. Liquidity levels inside the official window have remained active, backed by consistent interbank turnovers that have kept the spot rate locked within a narrow, predictable boundary over the past week. Traders indicate that supply interventions and steady transaction matching have prevented any sharp morning volatility.
