The Nigerian naira remained relatively stable against the United States dollar in the official foreign exchange market, trading around ₦1,328 to the dollar following the Central Bank of Nigeria’s recent interest-rate cut.
The latest official-market figure reported on Friday, September 25, 2026, showed the naira at about ₦1,328.67 per dollar on Thursday’s trading session. The movement came shortly after the CBN reduced its benchmark interest rate to 23 percent.
The exchange-rate movement is being closely watched because the naira’s performance affects the cost of imported goods, foreign transactions, manufacturing inputs and other businesses that depend on foreign currency.
The official rate has remained considerably stronger than the parallel-market rate reported by some market trackers, although the gap between the two markets can change depending on liquidity and demand.
For Nigerian businesses and consumers, the exchange rate remains an important economic indicator because changes in the value of the naira can affect prices across several sectors.
The recent relative stability comes at a time when the CBN is attempting to manage inflation, liquidity and foreign-exchange conditions through its monetary-policy framework.
