…As CBN drives weekly FX inflows amid fresh pressure in parallel market
The naira extended its appreciation against the dollar at the official foreign exchange (FX) market on the first trading day of 2026, supported by continued intervention by the Central Bank of Nigeria (CBN) and improved FX inflows, even as renewed demand pressure emerged in the parallel market following the commencement of the new tax law.
Data published by the CBN showed that the naira strengthened by N4.91, representing a 0.34 percent gain, as the dollar was quoted at N1,430.84 on Friday compared with N1,435.75 on Wednesday, the final trading session of 2025, at the Nigerian Foreign Exchange Market (NFEM).