The naira closed the trading week at N1,366.19 per dollar at the official foreign exchange market, supported by a further increase in Nigeria’s external reserves to $46.91 billion.
Data from the Central Bank of Nigeria (CBN) showed that the local currency depreciated slightly on Friday, slipping to N1,366.19 per dollar from N1,366.06 recorded in the previous session. This represents a marginal day-on-day loss of N0.13 against the US dollar.
Despite the slight daily decline, the naira posted a strong week-on-week performance at the official market, gaining N20.36.
At the parallel market, the currency also strengthened, appreciating by N10 to close the week at N1,450 per dollar.
The improved performance of the naira came amid a sustained rise in Nigeria’s external reserves, which stood at $46.91 billion as of February 5, 2026, according to data from the apex bank.
