{"id":1492,"date":"2026-10-16T08:15:12","date_gmt":"2026-10-16T08:15:12","guid":{"rendered":"https:\/\/facthubafrica.com\/?p=1492"},"modified":"2026-10-16T08:15:14","modified_gmt":"2026-10-16T08:15:14","slug":"naira-holds-steady-at-n1331-per-dollar-in-official-market","status":"publish","type":"post","link":"https:\/\/facthubafrica.com\/index.php\/2026\/10\/16\/naira-holds-steady-at-n1331-per-dollar-in-official-market\/","title":{"rendered":"Naira Holds Steady at N1,331 per Dollar in Official Market"},"content":{"rendered":"<p><strong>The naira maintained relative stability against the United States dollar on Friday, October 16, 2026, trading at about N1,331.09 per dollar in the official foreign exchange market.<\/strong><\/p>\n<p>Data from the Nigerian Foreign Exchange Market (NFEM) showed the local currency sustaining steady trading during early morning transactions, supported by foreign exchange liquidity and the country\u2019s external reserves.<\/p>\n<p>In the parallel market, currency dealers in major commercial centres, including Lagos and Abuja, quoted buying rates between N1,355 and N1,365 per dollar.<\/p>\n<p>Selling rates ranged from N1,375 to N1,390 per dollar, reflecting a relatively narrow gap between the official and informal markets.<br \/>\nMarket analysts attributed the stability in the exchange-rate spread to moderated speculative activity and steady foreign exchange inflows.<\/p>\n<p>The naira\u2019s performance across both market segments suggests that exchange-rate conditions remained relatively stable at the start of trading on Friday.<\/p>\n<ul>\n<li><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<div class='heateorSssClear'><\/div><div  class='heateor_sss_sharing_container heateor_sss_horizontal_sharing' data-heateor-sss-href='https:\/\/facthubafrica.com\/index.php\/2026\/10\/16\/naira-holds-steady-at-n1331-per-dollar-in-official-market\/'><div class='heateor_sss_sharing_title' style=\"font-weight:bold\" ><\/div><div 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16c0 5.628 3.875 10.35 9.101 11.647v-7.98h-2.474V16H13.1v-1.58c0-4.085 1.849-5.978 5.859-5.978.76 0 2.072.15 2.608.298v3.325c-.283-.03-.775-.045-1.386-.045-1.967 0-2.728.745-2.728 2.683V16h3.92l-.673 3.667h-3.247v8.245C23.395 27.195 28 22.135 28 16Z\"><\/path><\/svg><\/span><\/a><a aria-label=\"X\" class=\"heateor_sss_button_x\" href=\"https:\/\/twitter.com\/intent\/tweet?text=Naira%20Holds%20Steady%20at%20N1%2C331%20per%20Dollar%20in%20Official%20Market&url=https%3A%2F%2Ffacthubafrica.com%2Findex.php%2F2026%2F10%2F16%2Fnaira-holds-steady-at-n1331-per-dollar-in-official-market%2F\" title=\"X\" rel=\"nofollow noopener\" target=\"_blank\" style=\"font-size:32px!important;box-shadow:none;display:inline-block;vertical-align:middle\"><span class=\"heateor_sss_svg heateor_sss_s__default heateor_sss_s_x\" style=\"background-color:#2a2a2a;width:35px;height:35px;border-radius:0px;display:inline-block;opacity:1;float:left;font-size:32px;box-shadow:none;display:inline-block;font-size:16px;padding:0 4px;vertical-align:middle;background-repeat:repeat;overflow:hidden;padding:0;cursor:pointer;box-sizing:content-box\"><svg width=\"100%\" height=\"100%\" style=\"display:block;\" focusable=\"false\" aria-hidden=\"true\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 32 32\"><path fill=\"#fff\" d=\"M21.751 7h3.067l-6.7 7.658L26 25.078h-6.172l-4.833-6.32-5.531 6.32h-3.07l7.167-8.19L6 7h6.328l4.37 5.777L21.75 7Zm-1.076 16.242h1.7L11.404 8.74H9.58l11.094 14.503Z\"><\/path><\/svg><\/span><\/a><a aria-label=\"Whatsapp\" class=\"heateor_sss_whatsapp\" href=\"https:\/\/api.whatsapp.com\/send?text=Naira%20Holds%20Steady%20at%20N1%2C331%20per%20Dollar%20in%20Official%20Market%20https%3A%2F%2Ffacthubafrica.com%2Findex.php%2F2026%2F10%2F16%2Fnaira-holds-steady-at-n1331-per-dollar-in-official-market%2F\" title=\"Whatsapp\" rel=\"nofollow noopener\" target=\"_blank\" style=\"font-size:32px!important;box-shadow:none;display:inline-block;vertical-align:middle\"><span class=\"heateor_sss_svg\" style=\"background-color:#55eb4c;width:35px;height:35px;border-radius:0px;display:inline-block;opacity:1;float:left;font-size:32px;box-shadow:none;display:inline-block;font-size:16px;padding:0 4px;vertical-align:middle;background-repeat:repeat;overflow:hidden;padding:0;cursor:pointer;box-sizing:content-box\"><svg style=\"display:block;\" focusable=\"false\" aria-hidden=\"true\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"100%\" height=\"100%\" viewBox=\"-6 -5 40 40\"><path class=\"heateor_sss_svg_stroke heateor_sss_no_fill\" stroke=\"#fff\" stroke-width=\"2\" fill=\"none\" d=\"M 11.579798566743314 24.396926207859085 A 10 10 0 1 0 6.808479557110079 20.73576436351046\"><\/path><path d=\"M 7 19 l -1 6 l 6 -1\" class=\"heateor_sss_no_fill heateor_sss_svg_stroke\" stroke=\"#fff\" stroke-width=\"2\" fill=\"none\"><\/path><path d=\"M 10 10 q -1 8 8 11 c 5 -1 0 -6 -1 -3 q -4 -3 -5 -5 c 4 -2 -1 -5 -1 -4\" fill=\"#fff\"><\/path><\/svg><\/span><\/a><\/div><div class=\"heateorSssClear\"><\/div><\/div><div class='heateorSssClear'><\/div><p>The naira maintained relative stability against the United States dollar on Friday, October 16, 2026, trading at about<\/p>\n","protected":false},"author":3,"featured_media":1493,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[83],"tags":[273],"class_list":["post-1492","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy-markets","tag-naira"],"aioseo_notices":[],"featured_image_urls":{"full":["https:\/\/facthubafrica.com\/wp-content\/uploads\/2026\/10\/Naira-To-Dollar-Exchange-Rates.png",620,346,false],"thumbnail":["https:\/\/facthubafrica.com\/wp-content\/uploads\/2026\/10\/Naira-To-Dollar-Exchange-Rates-300x300.png",300,300,true],"medium":["https:\/\/facthubafrica.com\/wp-content\/uploads\/2026\/10\/Naira-To-Dollar-Exchange-Rates-300x167.png",300,167,true],"medium_large":["https:\/\/facthubafrica.com\/wp-content\/uploads\/2026\/10\/Naira-To-Dollar-Exchange-Rates.png",620,346,false],"large":["https:\/\/facthubafrica.com\/wp-content\/uploads\/2026\/10\/Naira-To-Dollar-Exchange-Rates.png",620,346,false],"1536x1536":["https:\/\/facthubafrica.com\/wp-content\/uploads\/2026\/10\/Naira-To-Dollar-Exchange-Rates.png",620,346,false],"2048x2048":["https:\/\/facthubafrica.com\/wp-content\/uploads\/2026\/10\/Naira-To-Dollar-Exchange-Rates.png",620,346,false],"morenews-large":["https:\/\/facthubafrica.com\/wp-content\/uploads\/2026\/10\/Naira-To-Dollar-Exchange-Rates.png",620,346,false],"morenews-medium":["https:\/\/facthubafrica.com\/wp-content\/uploads\/2026\/10\/Naira-To-Dollar-Exchange-Rates-590x346.png",590,346,true]},"author_info":{"info":["Publisher"]},"category_info":"<a 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