The naira continued its significant appreciation against the United States dollar across both official and parallel foreign exchange markets, closing the week on a positive note.
Data from the Central Bank of Nigeria revealed that the naira strengthened to N1,480.66 on Friday, up from N1,488.26 on Thursday.
This represents a day-to-day gain of N7.6 against the dollar.
Similarly, in the black market, it firmed up to N1,495 on Friday, from N1,497 on Thursday.
DAILY POST reports that the naira’s most notable gain occurred on Wednesday, when it appreciated sharply in the black market.
On a week-on-week basis, the naira recorded gains of N7.24 and N27 at the official and parallel foreign exchange markets, respectively.
The appreciation coincides with an increase in Nigeria’s external reserves, which rose by 0.45 per cent to $42.22 billion on Thursday, September 25, 2025, compared with $42.03 billion recorded the previous Friday.
