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The Nigerian naira weakened slightly against the US dollar, closing at N1,332.90/$ on October 5, 2026. Data from the Nigerian Foreign

The Nigerian naira weakened slightly against the US dollar, closing at N1,332.90/$ on October 6, 2026.
Data from the Nigerian Foreign Exchange Market (NFEM) showed that the naira fell from N1,332/$ recorded on October 2.

The latest movement came as foreign exchange trading remained mixed at the beginning of October, following several weeks of fluctuations in September.

Naira remains around N1,330/$
The naira traded between N1,329 and N1,333.50 during Monday’s trading session.

Its weighted average rate was N1,331.6875/$, while the simple average rate stood at N1,331.2953/$.
On October 2, the naira closed at N1,332/$ after trading between N1,329 and N1,333.

It closed at N1,329.50/$ on September 30, while the September 29 and September 28 closing rates were N1,331/$ and N1,331.50/$ respectively.

The figures show that the naira has remained relatively stable around the N1,330/$ level despite changes in daily trading activity.

FX trading activity remains uneven
Foreign exchange trading volumes have varied significantly in recent sessions.
As of the time of the report, the Central Bank of Nigeria had not released the total NFEM deals for October 5. However, 103 interbank deals were reported, with total interbank turnover of about $72.12 million.

On October 2, there were 249 NFEM deals with total turnover of $569.80 million. Interbank turnover stood at $154.02 million.

On September 30, NFEM recorded $537.97 million in turnover from 323 deals, while interbank turnover stood at $179.58 million.

September 29 recorded $530.44 million in NFEM turnover from 290 deals, with interbank turnover of $80.58 million.
On September 28, NFEM turnover stood at $196.68 million from 206 deals, while interbank turnover was $24.73 million.

The figures indicate that FX trading activity has been inconsistent, even though the naira has remained within a relatively narrow range.

Weekly FX turnover falls 35.41>#br###The latest figures followed a broader decline in foreign exchange trading during the week ended October 2.

Total turnover across Nigeria’s FX spot and derivatives markets fell by 35.41% to $1.70 billion, compared with $2.63 billion recorded in the previous week.
The week ended October 2 recorded total FX spot and derivatives turnover of $1.697 billion.