Naira Holds Firm at N1,329/$ for Four Consecutive Sessions

The Nigerian naira has maintained stability around N1,329/$ for four consecutive trading sessions, marking its longest stretch since July 2025. The Central Bank of Nigeria's data shows that the currency closed at N1,329.50/$ on September 15, after remaining within a narrow range of N1,328 to N1,330 over the past week.

This relative stability comes despite fluctuations in intraday trading and a backdrop of renewed strength in the US dollar ahead of the Federal Reserve's policy decision. The dollar was trading near multi-week highs against several major currencies, supported by rising US Treasury yields and expectations of a Federal Reserve rate hike.

Nigeria's foreign exchange reserves have also climbed above the $54 billion mark, strengthening the country's external position. This development comes as the Central Bank maintains a tight monetary policy stance aimed at moderating inflation and supporting macroeconomic stability.