Naira Opens Final Week of April with Relative Stability

The Nigerian Naira opened the final trading week of April 2026 with a sense of stability, trading at approximately ₦1,352.25 in the official Nigerian Autonomous Foreign Exchange Market (NAFEM). This follows a volatile closing period last week where the rate fluctuated between ₦1,350 and ₦1,355. In the parallel market, currency dealers in hubs like Lagos and Abuja reported the Dollar trading at approximately ₦1,475, maintaining a significant but narrowing spread compared to the official rate. Analysts attribute this current stability to steady foreign interest in Nigerian fixed-income instruments and the stabilization of global crude oil prices, though the demand for the greenback for international trade and school fees remains a persistent pressure point.

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