MON OCT 20 2025-theGBJournal| The naira rebounded by close of official trade on Monday by 0.6% to N1,464.50/US$ after a mixed trading performance across the various market segments last week.
Lat week at the official window, the local currency depreciated by 1.37% w/w (N20.18) to close at N1,475.35/US$, reflecting relatively low FX liquidity conditions on the back of rising demand for dollars.
Meanwhile, the parallel market recorded a mild appreciation of 0.34% w/w (N5.00) to N1,490.00/US$, narrowing the parallel/official rate premium to 0.99% (from 2.74% in the prior week), indicating improved market convergence.
Foreign exchange inflows through the Nigerian Foreign Exchange Market (NFEM) moderated to US$1.10 billion (from US$1.64bn in the prior week).
Foreign portfolio investors (FPIs) remained the dominant source, accounting for 63.1% (US$694.9mn) of total inflows.
This was followed by exporters (15.3%), non-bank corporates (12.2%), the CBN (1.3%), and other sources (8.1%). Notably, foreign direct investment (FDI) inflows fell sharply to US$0.20 million (0.01%), compared to US$122.2 million (7.5%)the previous week, highlighting lingering investor caution toward long-term capital commitments.
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