NGN Market Update
03 Apr 2026 • 00:39 GMT
The Nigerian naira remains relatively steady against the US dollar, trading slightly above its three-month average at 0.000724, near the upper end of its recent trading range. The currency has experienced a modest increase of about 3% compared to its average, reflecting ongoing optimism about Nigeria's economic reforms and stable oil prices.
against the euro, the NGN is at 0.000627, slightly above its recent average, with some volatility as traders react to European growth concerns. The pound has also gained slightly, trading at 0.000547, reflecting cautious optimism in Nigerian markets.
Overall, the NGN holds firm against major currencies in a period of global uncertainty driven by geopolitical tensions and safe-haven demand for the US dollar. While the naira stays within a stable range, traders will watch Nigeria’s policy developments and global oil markets for further clues on future movement.
