Naira trades steady amid tight FX liquidity and persistent market divergence Story by Martha Gwary The Nigerian naira maintained a relatively stable trajectory across key market segments on Tuesday, 21 October 2025, as foreign exchange (FX) conditions remained tight despite sustained Central Bank of Nigeria (CBN) interventions. At the official Nigerian Foreign Exchange Market (NFEM), the local currency traded within a narrow band of ₦1,468 to ₦1,470 per US dollar, according to CBN data and market dealers’ reports. In contrast, activity in the parallel market continued to reflect underlying FX demand pressures,...