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The naira stabilised at N1,370.1904 per US dollar despite reduced trading activityCBN’s intervention strengthens the market, limiting volatility and supporting the nairaGlobal oil prices rise slightly, providing potential support for Nigeria’s economy
Pascal Oparada is a journalist with Legit.ng, covering technology, energy, stocks, investment, and the economy for over a decade.
The Nigerian naira began the week on a stable note at the official foreign exchange market, as improved liquidity and timely intervention by the Central Bank of Nigeria (CBN) helped ease pressure on the local currency despite a slowdown in trading activity.
Data from the Nigerian Foreign Exchange Market (NFEM) showed that the naira closed Friday, July 3, 2026, at N1,370.1904 per US dollar, compared with N1,370.1516 recorded in the previous trading session.
The naira holds firm despite lower liquidity in the official window. Credit: Picture Alliance/ContributorSource: Getty Images
Naira maintains stability at official market
Although the local currency posted a marginal decline, it remained
