The naira weakened against the United States dollar at the official foreign exchange market on Friday, concluding the week on a bearish note.
According to data from the Central Bank of Nigeria on Friday, the naira fell to N1,456.73 per dollar, compared to N1,452.13 the previous day.
This marks a substantial decline of N4.6 against the dollar on a daily basis.
In the black market, Abubakar Alhasan, a Bureau de Change operator in Wuse Zone 4, informed DAILY POST that the naira was traded at N1,465 per dollar on Friday.
A weekly review indicates that Nigeria’s currency, the naira, experienced more losses than gains. On a weekly comparison, the naira appreciated by N14.3 against the dollar in the official market but remained stable in the black market.
This scenario unfolds despite the ongoing increase in Nigeria’s foreign reserves, which reached $44.19 billion as of November 20, 2025.
