The naira closed the week on a positive note at the official foreign exchange market on Friday, appreciating slightly against the United States dollar amid a rise in Nigeria’s external reserves.
Data from the Central Bank of Nigeria (CBN) showed that the local currency traded at N1,421.63 per dollar on Friday, improving from N1,422.07 recorded on Thursday. This represents a marginal day-on-day gain of 44 kobo.
Despite the late-week uptick, the naira posted a mixed performance over the week, recording three losses and two gains at the official market.
At the parallel market, the currency remained largely stable, exchanging at B1,490 per dollar throughout the week, according to Bureau de Change operators at Wuse Zone 4 in Abuja.
The modest appreciation came as Nigeria’s foreign exchange reserves rose to $46.01 billion as of January 22, 2026, up from $45.95 billion on January 19, reflecting a slight improvement in the country’s external buffers.
