The Nigerian naira recorded a strong gain against the United States dollar in both the official and parallel (black) foreign exchange markets, ending the week on a positive note.
Data from the Central Bank of Nigeria (CBN) showed that on Friday, the naira appreciated to ₦1,386.55 per dollar at the official market.
This is an improvement from ₦1,396.99 per dollar recorded on Thursday, meaning the naira strengthened by ₦10.44 in one day.
At the parallel (black) market, the naira also gained value, closing at ₦1,470 per dollar on Friday, up from ₦1,480 per dollar the previous day. This represents a ₦10 gain.
On a weekly basis, the naira improved by ₦35.08 at the official market and ₦20 at the black market.
The continued rise of the naira is linked to an increase in Nigeria’s foreign exchange reserves. The country’s reserves grew to $46.18 billion on January 29, 2026, up from $46.01 billion recorded the previous week.
This growth in reserves has helped support the naira’s recent positive performance across foreign exchange markets.
