The naira recorded a mixed performance across official and international money transfer organisation (IMTO) markets on Monday, January 19, 2026, according to data compiled by the Central Bank of Nigeria (CBN) and leading remittance platforms.
At the official Nigerian Autonomous Foreign Exchange Market (NAFEM), the naira appreciated slightly against the US dollar, closing at ₦1,417.95/$1 on January 16, compared with ₦1,420/$1 recorded on January 15. This represents a marginal gain of ₦2.05, or 0.14 per cent, based on CBN data.
In the IMTO segment, the naira remained unchanged against the US dollar, trading flat at ₦1,483/$1 on January 19, the same rate recorded on January 16. Rates published by LemFi and Remitly showed no day-on-day movement, indicating stability in dollar remittance inflows during the period.
Against the British pound, the naira strengthened slightly in the IMTO market, appreciating to ₦1,985/£1 on January 19 from ₦1,987/£1 previously, a gain of ₦2 or 0.10 per cent.
The local currency also posted a modest gain against the euro, appreciating to ₦1,691/€1 from ₦1,692/€1, reflecting an improvement of ₦1 or 0.06 per cent.
However, the naira weakened marginally against the Canadian dollar, depreciating to ₦1,071/C$1 from ₦1,070/C$1, representing a loss of ₦1 or 0.09 per cent.
Meanwhile, Nigeria’s external reserves rose slightly, increasing to $45.860 billion as of January 15, up from $45.822 billion on January 14 representing a 0.08% increase, according to CBN data.
