Naira holds near N1,333/$ as FX turnover swings
The naira traded near N1,333 per dollar on Monday, October 12, 2026, as reported turnover in the Nigerian Foreign Exchange Market (NFEM) fluctuated sharply across trading sessions. The post Naira holds near N1,333/$ as FX turnover swings appeared first on Nairametrics .
The Nigerian naira traded near N1,333 per dollar on October 12, 2026, according to data from the Central Bank of Nigeria (CBN). The foreign exchange market (NFEM) reported fluctuating turnover across trading sessions on that day. The naira's closing rate on October 12 was N1,332.99 per dollar, a slight depreciation from N1,332.49 on October 9, representing a loss of 50 kobo.
The exchange rate remained within a narrow range during the early October sessions. Foreign exchange reserves increased by approximately $115 million in six days, reaching $55.07 billion as of October 8, 2026, indicating an upward trend from September.
Written by urgent.news from Nairametrics's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
