The naira closed flat against the US dollar at a rate of N1,421/$ in the Nigerian Autonomous Foreign Exchange Market (NAFEM) on Friday, January 9, 2026, according to data from the Central Bank of Nigeria (CBN). There were however, modest gains across key international money transfer operator (IMTO) channels.
CBN data showed the naira exchanged at ₦1,421/$1 at NAFEM, unchanged from the previous trading session, reflecting continued balance in official market demand and supply.
At the IMTO window, tracked by platforms including LemFi and Remitly, the naira strengthened marginally across major currencies. The local currency appreciated by ₦1 against the dollar to close at ₦1,477/$1, compared with ₦1,478/$1 a day earlier. This represented a 0.07% improvement.
Against the British pound, the naira gained ₦2 to settle at ₦1,981/£1, from ₦1,983/£1, while it recorded its strongest daily move versus the euro, appreciating by ₦10 to ₦1,696/€1, compared with ₦1,706/€1 previously.
The naira was flat against the Canadian dollar at the IMTO window, closing unchanged at ₦1,065/C$1.
Meanwhile, Nigeria’s external reserves edged higher, rising to $45.642 billion as of January 9, 2026, from $45.624 billion recorded the previous day, representing a 0.04% increase, according to CBN figures.
