The latest available official data from the Central Bank of Nigeria (CBN) showed that the naira traded approximately ₦1,373.25 per dollar at the Nigerian Foreign Exchange Market (NFEM) on Wednesday, maintaining the level recorded at the close of the previous trading sessions.
The rate reflects the volume-weighted average exchange rate used by the market and recognised by the CBN.
Market data from currency tracking platforms also indicated that the official exchange rate remained within the ₦1,370–₦1,375 range, highlighting continued stability in the formal forex market.
