Naira slips to N1,332.90/$ as FX trading activity swings
The naira closed at N1,332.90 per dollar on October 5, 2026, as foreign exchange activity remained mixed at the start of the new trading month. The post Naira slips to N1,332.90/$ as FX trading activity swings appeared first on Nairametrics .
On October 5, 2026, the Nigerian naira settled at N1,332.90 per US dollar, according to the Nigerian Foreign Exchange Market (NFEM) data. The currency's rate had decreased slightly from N1,332 on October 2. The naira remained within a narrow trading range, fluctuating between N1,329 and N1,333.50 during the first two trading days of October, following weeks of fluctuations in September.
The weighted average rate for the period was N1,331.6875/$. Despite the daily trading activity's variability, the naira seemed to stay relatively stable around the N1,330/$ level. The apex bank has not released the full NFEM trading data for October 5, but it did report 103 interbank deals with a total turnover of around $72.12 million.
This suggests that trading activity remained inconsistent, even though the exchange rate had stayed within a tight range. The recent figures echoed a broader decline in foreign exchange trading activity during the week ending October 2, as spot-market activity weakened.
Written by urgent.news from Nairametrics's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
