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The naira returned to depreciation against the United States dollar at the official foreign exchange market on Friday, ending the week on a bearish note.
Data from the Central Bank of Nigeria on Friday showed that it fell to N1,456.73 per dollar, from N1,452.13 exchanged on Thursday.
This represents a significant weakening of N4.6 against the dollar on a day-to-day basis.
On the black market, Abubakar Alhasan, a Bureau de Change operator in Wuse Zone 4, told The Eastern Updates that the naira was sold at N1,465 per dollar on Friday.
A review of the week showed that Nigeria’s currency, the naira, recorded more losses than gains. On a week-on-week basis, the naira gained N14.3 against the dollar on the official market but remained flat on the black market.
This comes despite the continued rise in Nigeria’s foreign reserves, which stood at $44.19 billion as of November 20, 2025.
The naira bounced back against the United States dollar at the official market on Tuesday, following President Donald Trump’s threat of military action in Nigeria.
Data from the Central Bank of Nigeria showed that the naira strengthened to N1,433.66 per dollar on Tuesday, up from N1,436.34 recorded the previous day.
This indicates that the naira gained N2.68 against the dollar on a day-to-day basis.
Similarly, on the black market, the naira appreciated to N1,450 per dollar on Tuesday, up from N1,460, according to multiple Bureau de Change operators in Wuse Zone 4, Abuja.
This development comes as Nigeria’s external reserves rose further to $43.259 billion in November 2025, up from $43.197 billion at the end of last month.
