The Naira closed the week on a positive note, appreciating slightly against the United States dollar at the official foreign exchange market on Friday.
According to foreign exchange data released by the Central Bank of Nigeria (CBN), the local currency strengthened to N1,501.5/$1 on Friday, compared to N1,502.13/$1 on Thursday. This reflects a marginal day-to-day gain of N0.60.
However, at the parallel market, the naira weakened, trading at N1,537/$1 on Friday, down from N1,530/$1 the previous day.
Data tracked by reports also showed that, despite Thursday’s slip, the naira still recorded a weekly gain of N13.4 against the dollar when compared with the N1,514.9/$1 rate recorded last week Friday.
Meanwhile, Nigeria’s external reserves rose further, reaching $41.66 billion as of September 11, 2025.
A CBN source said, “The relative stability of the naira this week shows that ongoing policy measures are gradually strengthening market confidence. With external reserves at over $41 billion, the bank remains optimistic about sustaining interventions to support the local currency.
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