The Nigerian naira ended the week at ₦1,366.19 per dollar at the official foreign exchange market, as the country’s external reserves climbed to $46.91 billion.
According to data from the Central Bank of Nigeria (CBN), the naira recorded a slight depreciation on Friday, closing at ₦1,366.19/$, down marginally from ₦1,366.06/$ recorded the previous day.
This indicates a ₦0.13 day-to-day drop at the official market.
Strong Weekly Gain Despite Friday Dip
Despite the minor decline on Friday, the naira still posted a significant week-on-week improvement, gaining ₦20.36 at the official market.
Black Market Also Improves
At the parallel (black) market, the naira also strengthened, ending the week with a ₦10 gain, closing at about ₦1,450 per dollar.
Reserves Rise to $46.91bn
The improvement in the currency performance comes amid a continued rise in Nigeria’s external reserves, which climbed to $46.91 billion as of February 5, 2026, according to CBN figures.
How did this story make you feel?
Join the conversation
Share a thoughtful response. Submissions may be reviewed before appearing.
Reader responses are closed on older stories.
