Table of Contents
- Naira's Exchange Rate Performance
- Black Market Rates
- Weekly Performance Overview
- Foreign Exchange Reserves
The naira fell to its lowest level in two months on Friday, ending the week on a downward trend against the US dollar.
According to data from the Central Bank of Nigeria, the currency dropped to N1,450.43 per dollar, down from N1,447.83 on Thursday.
This indicates that the naira depreciated further against the dollar by N2.59 on a daily basis.
In the black market, the naira concluded the week at N1,475 per dollar on Friday, maintaining the same rate since Wednesday.
DAILY POST reports that the naira only appreciated on Tuesday during the week in question. On a week-on-week basis, the naira fell by N3.68 compared to the N1,446.74 rate from the previous week, November 28, 2025.
This situation arises as the country's foreign exchange reserves increased to $45.04 billion as of December 4, 2025.
FAQ
What is the current exchange rate of the naira against the US dollar?
As of Friday, the naira is valued at N1,450.43 per dollar.
How did the naira perform in the black market?
In the black market, the naira ended the week at N1,475 per dollar, which has remained unchanged since Wednesday.
What was the naira's performance over the past week?
The naira dropped by N3.68 compared to the previous week's rate of N1,446.74.
What is the current status of Nigeria's foreign exchange reserves?
As of December 4, 2025, Nigeria's foreign exchange reserves stand at $45.04 billion.
Eze Chidiebere Paul
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