The Naira ended the week on a brighter side, recording a slight appreciation against the U.S. dollar at the official foreign exchange market on Friday.

According to data from the Central Bank of Nigeria (CBN), the local currency closed at ₦1,501.5 per dollar, improving from ₦1,502.13 recorded on Thursday. This reflects a marginal gain of ₦0.60 in a day-to-day comparison.

However, at the parallel market (black market), the story was different. The Naira slipped further to ₦1,537 per dollar, weaker than the ₦1,530 recorded the previous day.

On a broader scale, despite mid-week fluctuations, the Naira still managed to gain ₦13.4 week-on-week, rising from ₦1,514.9 per dollar traded last week Friday to this week’s closing figure.

The positive trend is further boosted by Nigeria’s external reserves, which climbed to $41.66 billion as of September 11, 2025. This increase in reserves is expected to strengthen the CBN’s ability to stabilize the market and reassure investors.

With the currency market experiencing both gains and dips, stakeholders will be watching closely in the coming weeks to see if the Naira can sustain its recovery against the dollar.