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The Naira concluded the week on Friday with a significant increase against the United States dollar as external reserves continued to rise.
Data from the Central Bank of Nigeria indicated that on Friday, the exchange rate improved to N1,466.65, compared to N1,478.13 traded on Thursday.
This indicates that in the official foreign exchange markets, the Naira appreciated by N11.48 against the dollar on a daily basis.
According to DAILY POST, the uptrend of Africa’s most populous nation’s currency on Friday marked the highest increase for the week in review. The last time the Naira achieved this level was the previous Thursday.
In the black market, the Naira also strengthened to N1,503 per dollar on Friday, rising from N1,505 the day before.
This development coincides with the country’s external reserves, which have continued to increase, reaching $42.58 billion as of October 9, 2025, up from $42.40 billion on October 2.
What was the Naira's exchange rate against the dollar on Friday?
On Friday, the Naira's exchange rate improved to N1,466.65 against the dollar.
How much did the Naira appreciate against the dollar?
The Naira appreciated by N11.48 against the dollar on a day-to-day basis.
What is the current status of Nigeria's external reserves?
As of October 9, 2025, Nigeria's external reserves have risen to $42.58 billion.
