The Nigerian Naira ended the trading week on a strong footing, stabilizing at N1,365 per US Dollar despite widespread foreign exchange volatility across emerging markets.
On Thursday, the spot exchange rate closed at N1,365.10 per dollar as daily market turnover surged to a weekly peak of $878.55 million.
Friday’s trading session saw the currency move to close at N1,365.69 per dollar, reflecting balanced order flow as market liquidity normalized.
Official data from the FMDQ Exchange revealed that market liquidity surged mid-week, driven by heightened interbank trading.
Daily FX turnover reached a peak of $878.55 million on Thursday, up significantly from earlier sessions, underscoring resilient local supply and strong institutional participation in the official window.
This liquidity cushion follows record market activity in the first half of 2026, during which secondary market turnover on the FMDQ platform exceeded N362 trillion.
Offshore interest remains supported by attractive yields on Open Market Operation bills, while national gross foreign reserves hover near $52 billion, insulating the local currency against external shocks.
