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Naira appreciates against US dollar at both official and parallel FX markets, closing stronger at week’s end.
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CBN data shows naira gain of N10.44 day-on-day, with wider week-on-week improvement across markets.
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Nigeria’s FX reserves rise to $46.18bn, supporting sustained naira uptrend.
The naira recorded a notable appreciation against the United States dollar across official and parallel foreign exchange markets on Friday, closing the week on a strong footing.
Figures published by the Central Bank of Nigeria (CBN) indicate that the local currency strengthened to N1,386.55 per dollar at the official market, compared with N1,396.99 recorded on Thursday, representing a day-on-day gain of N10.44.
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At the parallel market, commonly referred to as the black market, the naira also appreciated, gaining N10 to close at N1,470 per dollar, up from N1,480 the previous day.
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Further analysis shows that the naira posted broader gains on a week-on-week basis, appreciating by N35.08 at the official window and N20 at the parallel market.
The sustained uptrend comes amid an improvement in Nigeria’s external reserves, which rose to $46.18 billion as of January 29, 2026, up from $46.01 billion recorded a week earlier.
The strengthening of the naira across FX markets is seen as a reflection of improved liquidity conditions and growing confidence, supported by the steady build-up of the country’s foreign exchange reserves.
