The naira sustained its recent rebound on Monday, closing at ₦1,466 per US dollar in the official Nigerian Foreign Exchange Market (NFEM).

In the parallel market, tracked by AbokiFX, the local currency traded slightly stronger at around ₦1,450 per dollar.

LAGOS EYE NEWS reports that the traders attributed the improved performance at the official window to steady foreign inflows and modest liquidity support from the Central Bank of Nigeria.

Black-market dealers quoted buy and sell prices in the mid-₦1,400 range, with transactions hovering between ₦1,445 and ₦1,460 on Monday.