TUE NOV 11 2025-theGBJournal| The Naira climb marginally on Monday by 0.5% to N1,435.00/USD, beginning the week on a positive note after falling 1.03% W/W by close of official trade last Friday.
The strengthening of the Naira comes amid sustained foreign exchange inflows through the Nigerian Foreign Exchange Market (NFEM).
Foreign exchange inflows through the Nigerian Foreign Exchange Market (NFEM) stood at US$899.20 million as at Friday last week, while Foreign Portfolio Investors (FPIs) remained the dominant contributors, accounting for 60.13% (US$540.70 million) of total inflows, followed by Non-Bank Corporates (13.99%), Individuals (12.75%), and Exporters (12.56%), while other sources contributed 0.56%.
On the reserves front, gross external reserves rose marginally by 0.29% w/w (US$127.10mn) to US$43.32 billion (as of 6 October 2025), supported by stronger recorded inflows (+US$899.20 million) and relatively lower outflows (–US$822.60 million).
Meanwhile, analysts expect the Naira to remain below the N1,450/US$1 mark, supported by steady foreign portfolio inflows into the fixed-income market and improved market liquidity.
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