The Naira ended the week on a strong note, gaining significantly against the United States dollar as Nigeria’s external reserves continued their upward trajectory.
Data from the Central Bank of Nigeria (CBN) showed that the Naira appreciated to ₦1,455.17 per dollar on Friday, up from ₦1,466.65 recorded on Thursday. This represents a daily gain of ₦11.48 at official foreign exchange markets.
According to reports by Daily Post, Friday’s uptick marks the highest appreciation for the week, surpassing the previous high of ₦1,455.24 recorded last Thursday.
The Naira also strengthened in the parallel (black) market, rising to ₦1,503 per dollar on Friday from ₦1,505 the previous day.
The currency’s positive performance coincides with a steady increase in Nigeria’s external reserves, which rose to $42.58 billion as of October 9, 2025, up from $42.40 billion on October 2, 2025. Analysts suggest that the gains reflect improving foreign inflows and investor confidence in the country’s forex management.
