The naira ended the trading week on Friday, January 16, 2026, unchanged at N1,484.99 to the dollar at the parallel market, data from Naira Rates showed.
Other major currencies also remained flat at the black market, with the pound sterling exchanging at N2,034.99, the euro at N1,753.50, and the Canadian dollar at N1,091.
Market analysts attributed the stability to a typical slowdown in weekend trading, driven by reduced demand for foreign exchange as major corporate buyers scaled back activity at the close of the business week.
This lull helped keep rates in balance across the parallel market.
Analysts also pointed to improved mid-month forex liquidity following recent interventions by the Central Bank of Nigeria (CBN).
The additional supply met immediate retail demand and helped prevent fresh price increases across major currencies.
At the CBN’s Nigerian Foreign Exchange Market (NFEM) window, the naira traded at N1,419.28 to the dollar, N1,649.92 to the euro, and N1,893.35 to the pound on Thursday, January 15, 2026.
Exchange rate data for Friday had not been published as of the time of filing this report.
Meanwhile, at the daily FX rate window for international card transactions, GTBank sold the dollar at N1,427, while Standard Chartered Bank exchanged at N1,434 to the dollar, N1,929 to the pound, N1,671 to the euro, and N1,034 to the Canadian dollar.
