The Nigerian naira held a broadly fragile tone on Thursday, trading with a modest gap between the official Nigerian Foreign Exchange Market NFEM and the parallel market as market participants weighed improved dollar flows against persistent demand pressures.
Key rates today:
NFEM official: ?1,483 per US1.
Parallel market: ?1,490 per US1.
The official NFEM rate - the volume-weighted figure derived from interbank trading and published by authorities - showed the naira trading around ?1,483 to the dollar on Thursday, a small move from levels seen in the immediate prior session. Traders say the official window remains sensitive to CBN liquidity operations and order flows on the electronic matching system.