The naira appreciated significantly against the U.S. dollar on Friday, posting gains in both the official and parallel foreign exchange markets.
Data from the Central Bank of Nigeria (CBN) showed the currency closing at ₦1,487.90 per dollar at the official window, stronger than Thursday’s rate of ₦1,498.98. This marks a day-on-day gain of ₦11.08.
In the parallel market, the naira also advanced, trading at ₦1,522 per dollar on Friday, compared with ₦1,537 the previous day, a ₦15 improvement.
The rebound follows losses recorded earlier in the week and reflects a broader strengthening trend. On a weekly basis, the naira appreciated by ₦3.90, compared with last Friday’s closing rate of ₦1,501.50.
Meanwhile, CBN data indicated that Nigeria’s external reserves continued to rise, reaching $41.99 billion as of September 18, 2025.
