The naira on Friday strengthened to close at \u20a61,363.5 per dollar at the official foreign exchange market.<\/p>\n\n\n\n
The development followed a sharp depreciation at the start of the week, according to data tracked on the Central Bank of Nigeria\u2019s (CBN) website.<\/p>\n\n\n\n
The currency fell to \u20a61,425 per dollar on Monday, down from \u20a61,398 per dollar recorded the previous Friday.<\/p>\n\n\n\n
Monday\u2019s drop marked its weakest closing level since January 12, 2026, when it last traded at the same rate.<\/p>\n\n\n\n
By Tuesday, the naira appreciated to \u20a61,390.5 per dollar. Further gains were recorded on Wednesday, when the currency traded at \u20a61,373.5 per dollar.<\/p>\n\n\n\n
The recovery continued on Thursday, with the naira strengthening to \u20a61,370 per dollar.<\/p>\n\n\n\n
The currency gained more than \u20a660 within four trading days after the early-week slide, extending the recovery on Friday to close at \u20a61,363.5 per dollar.<\/p>\n\n\n\n
The Central Bank of Nigeria said the country\u2019s improving external reserve position could help cushion the naira against prolonged pressure.<\/p>\n\n\n\n
According to the apex bank, Nigeria\u2019s net foreign exchange reserves rose to $34.80 billion at the end of 2025, reflecting improved external liquidity.<\/p>\n\n\n\n
The governor of the apex bank, Olayemi Cardoso, said ongoing monetary and foreign exchange reforms are aimed at strengthening market confidence and improving liquidity.<\/p>\n","protected":false},"excerpt":{"rendered":"
The naira on Friday strengthened to close at \u20a61,363.5 per dollar at the official foreign exchange market. The development followed a sharp depreciation at the start of the week, according to data tracked on the Central Bank of Nigeria\u2019s (CBN) website. The currency fell to \u20a61,425 per dollar on Monday, down from \u20a61,398 per dollar<\/p>\n","protected":false},"author":3,"featured_media":96257,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[],"class_list":{"0":"post-96255","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy"},"_links":{"self":[{"href":"https:\/\/datelineafro.com\/index.php?rest_route=\/wp\/v2\/posts\/96255","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/datelineafro.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/datelineafro.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/datelineafro.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/datelineafro.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=96255"}],"version-history":[{"count":1,"href":"https:\/\/datelineafro.com\/index.php?rest_route=\/wp\/v2\/posts\/96255\/revisions"}],"predecessor-version":[{"id":96256,"href":"https:\/\/datelineafro.com\/index.php?rest_route=\/wp\/v2\/posts\/96255\/revisions\/96256"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/datelineafro.com\/index.php?rest_route=\/wp\/v2\/media\/96257"}],"wp:attachment":[{"href":"https:\/\/datelineafro.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=96255"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/datelineafro.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=96255"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/datelineafro.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=96255"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}