The naira ended the week on a positive note, recording significant appreciation against the United States dollar across both official and parallel foreign exchange markets.
Data from the Central Bank of Nigeria (CBN) showed that the local currency strengthened further on Friday, closing at N1,386.55 per dollar at the official market, compared with N1,396.99 on Thursday.
This represents a day-on-day gain of N10.44 against the dollar.
The upward trend was also reflected at the parallel market, where the naira appreciated by N10 to close at N1,470 per dollar on Friday, from N1,480 recorded the previous day.
On a week-on-week basis, analysis showed that the naira gained N35.08 at the official market and N20 at the black market.
The sustained appreciation of the naira comes amid an improvement in Nigeria’s external reserves, which rose to $46.18 billion as of January 29, 2026, up from $46.01 billion recorded at the close of trading the previous week.
