Skip to content
Guavy Logo GUAVY
Sign up
Back to Guavy Wire
Forex

Naira Slumps Against Dollar Amid 77.7% Turnover Drop in FX Market

Guavy AI Editorial Team
Instruments
USD
Share

The Nigerian naira slipped against the US dollar on Monday, September 28, as trading activity at the Nigerian Autonomous Foreign Exchange Market (NAFEM) slowed considerably.

The naira closed at N1,331.32 to the dollar, a decline of N1.81 or 0.14% from the N1,329.51 recorded in the previous trading session.

FX turnover at the interbank market fell sharply by 77.7% to $24.73 million on Monday, down from $111.064 million recorded on Friday.

The number of transactions also declined to 37 deals from 108 in the previous session, reflecting a significant slowdown in activity among banks and other financial institutions.

More on Forex

Forex 3m ago

AUD Falls Despite RBA Hike as Markets Question Future Rate Moves

Forex 3m ago

RBA Tightens Policy as Inflation Remains Elevated

Forex 4m ago

Dollar's Dominance Remains Unchallenged Despite Shifting Global Reserves

Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

Guavy Logo GUAVY

Market sentiment intelligence for apps, funds & agents

Location

729 55 Ave SW
Calgary AB T2V 0G4
Canada

Navigate

Markets

Resources

© 2026 Guavy Inc

Terms Privacy Policy