On Tuesday, the Naira depreciated slightly at the official market, trading at N1,386.65 per dollar.
Central Bank of Nigeria (CBN) data showed the Naira lost N5.86, marking a 0.4% decline from N1,380.79 per dollar on Thursday, April 2, before the Easter break.
Earlier in the week, on April 1, the Naira traded at N1,378.70 per dollar, which marked a marginal 0.1 per cent depreciation.
Despite these fluctuations, analysts remained optimistic about the 2026 currency outlook, citing ongoing reforms by the apex bank.
The Centre for the Promotion of Private Enterprise (CPPE) noted that the Naira’s stability in the year’s first quarter, trading within the N1,340 to N1,430 per dollar band, boosted business confidence.
The CPPE attributed this stability to improved foreign-exchange liquidity, stronger oil earnings, and rising external reserves above $50 billion.
