Naira Climbs to N1,430 after $790 Million FX Interventions
After a 24% surge in FX interventions, the naira appreciated against the US dollar at the Nigerian Foreign Exchange Market (NFEM) window on Friday, settling at N1430 for international transaction payments conducted on Friday.
The naira reached an intraday high of N1438.5000 on the day from N1439.5000 in the previous session, which suggested the market was well liquidity to fund outflows or international payments.
FX traders said best international payments for the day was conducted at N1427 per dollar, intraday lowest spot rate, however the same quoted rate at the last trading session in December, 2025.
The official exchange rate appreciated 0.34% to ₦1,430.85/$ at NFEM window after huge FX intervention of about $800 million last month.
The Central Bank fx support helped the naira to close 2025 at N1435 per dollar, outperforming most of investment firm’s N1450 target for the period. Total December intervention rose to $790 million, up 24% from November’s $636.60 million, TrustBanc Financial Group Limited
In the parallel market, the naira also rose to ₦1,460, reflecting improved currency sentiment and reduced pressures across both the regulated official segment and the informal foreign exchange market as the New Year begins.
In December, the naira appreciated by 0.77% officially, while it lost 1.02% in the parallel market. External reserves. The nation’s external reserves closed strong, settling at around $45.5 billion.
The CBN expects the gross external reserves to rise to $51.04 billion in 2026. In 2025, the official spot fx rate gained 7.14%, settled at N1,435.7571 per dollar
Oil prices increased this week due to rising hopes for a Russia-Ukraine peace deal and the possibility of eased sanctions, which fueled concerns about an oversupply in the market.
Precious metals were mixed, with gold and other industrially linked metals falling on easing geopolitical tensions and weaker demand, while lead, aluminum, and zinc rose on supply constraints and stronger demand expectations. # Naira Climbs to N1,430 after $790 Million FX Interventions Naira Extends Rally as Gross External Reserves Surge
