Naira Holds Around ₦1,370 as FX Market Watches Key Economic Drivers

Tony Gists

The naira traded within a narrow range against the dollar as both official and parallel markets reflected ongoing pressure on the local currency.

(Naira and Dollar Notes. Photo Credit: Nairacompare)

The naira was trading at approximately ₦1,370 to the dollar on Thursday, according to data from the Nigerian Foreign Exchange Market (NFEM).

The local currency closed Wednesday's trading session at around ₦1,372.76 per dollar at the official rate, with $100 valued at approximately ₦137,276 and $1,000 exchanging for roughly ₦1.37 million.

In the parallel market, the dollar was being bought at about ₦1,395 and sold at between ₦1,405 and ₦1,408, depending on location and dealer pricing.

At those rates, $100 exchanged for between ₦140,500 and ₦140,800.

Analysts said the naira's trajectory in the coming weeks would largely hinge on foreign exchange inflows from oil exports, diaspora remittances, foreign portfolio investments, and interventions by the Central Bank of Nigeria (CBN).

1. CLICK HERE TO DOWNLOAD Tonygists MOBILE APP (APK FILE)

CLICK HERE TO DOWNLOAD Tonygists MOBILE APP (APK FILE)

2. CLICK HERE TO DOWNLOAD Tony Gists Entertainment application

3. CLICK HERE TO DOWNLOAD Nysc dating app

4. CLICK HERE TO DOWNLOAD TonyGists App 2

5. CLICK HERE TO DOWNLOAD new honest creatives application

6. CLICK HERE TO DOWNLOAD Honest Web Solution

7. CLICK HERE TO DOWNLOAD SMES ( DATA LORD APPLICATION)

Subscribe to Tonygists by Email

👉 Follow Tonygists on Facebook
https://www.facebook.com/tonygiststv

👉 FOLLOW TONYGISTS ON AUDIOMACK
https://audiomack.com/tonygists

📸 FOLLOW TONY GISTS ON INSTAGRAM;
https://instagram.com/tonygists

👍 LIKE TONY GISTS FACEBOOK PAGE:
https://www.facebook.com/tonygists2

💌 CONTACT OFFICIAL TONY GISTS
Tony@tonygist.com or
tonygists2@gmail.com

🐦 FOLLOW US ON TWITTER
https://twitter.com/tonygists1

🔔 SUBSCRIBE BELOW
https://www.youtube.com/channel/UCcQcUQOsXxHo4t82UyjqtuQ

🔔 Subscribe to honest web solution on youtube:

https://bit.ly/37AJMEK

💟 CHAT TONY GISTS ON WHATSAPP
https://wa.me/message/I74BWBVZPQQGC1

✔️ JOIN OUR WHAT'S APP GROUP:
https://chat.whatsapp.com/5McXqrChiwP5uiWO52Rkt7

Are You On youtube? subscribe to Hot GIST Channel Latest Updates - @Hot Gist

Are You On youtube? subscribe to Gospel World (which is also owned by Tony Gists) youtube Channel Latest Updates - @Gospel world

Are you on audio mack? Follow Tonygists on audio mack to listen and download to the latest Mfm sermons Latest Updates - @Tonygists

Follow Tonygists on LinkedIn to get more jobs opportunities Latest Updates - @Tonygists

Are You On youtube? subscribe to Honest Ose Channel Latest Updates - @Honest Ose

Are You On youtube? subscribe to Honest Web Solutions Channel Latest Updates - @Honest Web Solutions

Are You On youtube? subscribe to Xtremely Honest Channel Latest Updates - @Xtremely Honest

Are You On Twitter? Follow Us Now For Latest Updates - @tonygists

Are You On FACEBOOK? Like Our Page For Latest Updates - tonygists

Are You On FACEBOOK? Join Our Group For Latest Updates And Interactions - TonyGists

© 2025 Tonygists | Portions are © 2025 Associated Press. All rights reserved. This material may be published, broadcast, rewritten, or distributed.