The naira closed the week with a slight gain against the U.S. dollar at the official foreign exchange market on Friday, according to data from the Central Bank of Nigeria (CBN).
The local currency strengthened to N1,501.5 per dollar, compared to N1,502.13 on Thursday, marking a day-to-day appreciation of 60 kobo.
In contrast, the parallel market saw the naira weaken, falling to N1,537 per dollar on Friday from N1,530 the previous day.
On a weekly basis, the naira recorded a net gain of N13.4, rising from N1,514.9 per dollar last week Friday despite midweek volatility.
The movement in the currency comes as Nigeria’s external reserves climbed to $41.66 billion as of September 11, 2025, providing some support to the foreign exchange market.
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