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Latest figures from the Central Bank of Nigeria (CBN) show that the naira traded at about ₦1,371 to the dollar at the Nigerian Foreign Exchange Market (NFEM) on Monday.
The market also recorded intraday movements between ₦1,369 and ₦1,374 per dollar.
The CBN says ongoing measures are aimed at improving liquidity and stabilising the foreign exchange market.
Analysts say sustained interventions and increased dollar supply to authorised dealers have helped reduce volatility in recent weeks.
The naira has continued to trade within the ₦1,360 to ₦1,380 range at the official window despite demand pressure from importers, manufacturers, and travellers.
Market watchers say oil prices, foreign reserves, and investor confidence will continue to shape the naira’s performance in the coming days.
