The naira returned to depreciation against the US dollar on the official overseas trade market on Friday, ending the week on a bearish observe.
Knowledge from the Central Financial institution of Nigeria on Friday confirmed that it fell to N1,456.73 per dollar, from N1,452.13 exchanged on Thursday.
This represents a major weakening of N4.6 against the dollar on a day-to-day foundation.
On the black market, Abubakar Alhasan, a Bureau de Change operator in Wuse Zone 4, instructed DAILY POST that the naira was offered at N1,465 per dollar on Friday.
A assessment of the week confirmed that Nigeria’s foreign money, the naira, recorded extra losses than positive aspects. On a week-on-week foundation, the naira gained N14.3 against the dollar on the official market however remained flat on the black market.
This comes regardless of the continued rise in Nigeria’s overseas reserves, which stood at $44.19 billion as of November 20, 2025.
