Naira Holds Steady Against Dollar in June 25 Trading

The Nigerian naira traded around the ₦1,374 mark against the United States dollar on Thursday, June 25, 2026, as the foreign exchange market continued to respond to shifting demand and supply dynamics.

Data from currency market trackers showed the naira exchanging at approximately ₦1,374 per dollar in the official market, reflecting a relatively stable performance compared to recent trading sessions. The local currency has maintained a narrower trading range in recent weeks, supported by improved foreign exchange liquidity and ongoing reforms aimed at boosting investor confidence.

Financial analysts say the relative stability of the naira follows measures introduced by the Central Bank of Nigeria (CBN) to enhance transparency in the foreign exchange market and attract greater dollar inflows into the economy. Market participants have also pointed to increased crude oil production, stronger remittance inflows, and improved foreign reserves as factors helping to support the currency.

Despite the gains recorded over the past few months, businesses and importers continue to monitor exchange rate movements closely due to their impact on the cost of imported goods, raw materials, and international transactions. Economists note that sustained stability in the foreign exchange market remains critical for controlling inflation and encouraging economic growth.

Recent market data indicate that the naira has strengthened considerably from some of its weaker levels recorded in 2025, when the exchange rate climbed above ₦1,500 per dollar. Analysts attribute the improvement to ongoing policy adjustments and a gradual easing of foreign exchange pressures.

As trading continues, investors and businesses will be watching closely for further policy signals from the CBN, developments in global oil prices, and capital inflows that could influence the direction of the naira in the coming weeks.