The naira closed at N1,332.90 per dollar on October 5, 2026, as foreign exchange activity remained mixed at the start of the new trading month.
Data from the Nigerian Foreign Exchange Market (NFEM) showed that the naira weakened slightly from N1,332 on October 2.
The latest rate comes after the currency traded within a relatively narrow range in the first two trading sessions of October, following several weeks of fluctuations in September.
The naira’s October 5 closing rate of N1,332.90/$ was 90 kobo weaker than the N1,332/$ recorded on October 2. The currency traded between N1,329 and N1,333.50 during Monday’s session, with a weighted average rate of N1,331.6875/$.
The latest movements indicate that the naira has remained relatively stable around the N1,330/$ level despite changes in daily trading activity.
Trading volumes have varied considerably across the latest sessions, highlighting uneven activity in the foreign exchange market.
The apex bank has not provided October 5 data for NFEM total deals as of the time of this report, although 103 interbank deals were reported with total interbank turnover of about $72.12 million.
The figures show that trading activity has not followed a consistent upward or downward path, even as the exchange rate has remained within a relatively tight range.
The latest daily figures follow a broader decline in foreign exchange trading activity during the week ended October 2.
The weekly decline came as spot-market activity weakened during the period.
