{
  "id": 7735749,
  "title": "Naira holds around N1,329/$ for four straight sessions, longest stability since July 2025",
  "url": "https://urgent.news/2026/09/16/naira-holds-around-n1-329-for-four-straight-sessions-longest",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-16T07:20:35.000Z",
  "source": {
    "name": "Nairametrics",
    "slug": "nairametrics",
    "url": "https://nairametrics.com/2026/09/16/naira-holds-around-n1329-for-four-straight-sessions-longest-stability-since-july-2025/"
  },
  "original_language": "en",
  "account": "The Nigerian naira has remained steady at around N1,329/$ for four consecutive trading sessions, a sign of stability not seen since July 2025. This steady performance, as reported by the Nigerian Foreign Exchange Market (NFEM) and documented on the Central Bank of Nigeria’s (CBN) website, saw the naira close at N1,329.50/$ on September 15, unchanged from the previous day's N1,329 and a slight increase from its N1,328.50/$ closing on September 11 and N1,328/$ on September 10. The currency maintained a narrow trading range of just N1.50/$ throughout these four sessions, despite intra-day fluctuations. The Central Bank of Nigeria's data indicates that the naira commenced the period at N1,328/$ on September 10, climbing to N1,328.50/$ by September 11. The last time the naira recorded four consecutive sessions with a similar closing range was between July 17–22, 2025, when it closed at N1,536/$, N1,535/$, N1,535/$ and N1,536/$ respectively. The recent stability in the exchange rate coincides with a heightened strength in the US dollar ahead of the Federal Reserve's September 16 policy decision. This strength was evident across several major currencies, buoyed by rising US Treasury yields and anticipation of a Federal Reserve rate hike. Markets were pricing in a high likelihood of a 25-basis-point increase ahead of the decision. The dollar's strength has been particularly noticeable against the yen and New Zealand dollar, while the euro and sterling have shown continued weakness. Nigeria's foreign exchange reserves have surged above $54 billion, surpassing the Central Bank of Nigeria's projected reserve level of roughly $51.04 billion for 2026. This increase comes as the CBN continues a tight monetary policy to curb inflation and maintain macroeconomic stability. The Monetary Policy Committee maintained the Monetary Policy Rate at 26.5% at its July 20-21, 2026 meeting in Abuja.",
  "summary": "The naira has maintained a narrow trading range around N1,329/$ for four consecutive trading sessions, marking the first such stretch of relative stability since July 2025. The post Naira holds around N1,329/$ for four straight sessions, longest stability since July 2025 appeared first on Nairametrics .",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}