The naira remained stable in the foreign exchange (FX) markets on Tuesday as the demand for dollars decreased. At the close of trading, the dollar was priced at N1,534.10, a slight decline from the N1,533.56 recorded on Monday in the Electronic Foreign Exchange Matching System (EFEMS), based on data from the Central Bank of Nigeria (CBN).

Authorized currency dealers maintained a higher dollar rate of N1,555 on Tuesday, unchanged from Monday's rate. The FX market observed a low of N1,522 per dollar, which is a slight decrease from the N1,520 noted on the previous day.

In the parallel market, commonly referred to as the black market, the local currency strengthened to N1,665, compared to N1,680 recorded on Friday.