The naira depreciated against the US dollar across the foreign exchange markets on Friday, ending the week on a negative note.
Central Bank of Nigeria (CBN) data showed that the naira weakened to N1,329.51 per dollar on Friday, compared with N1,328.67 recorded on Thursday at the official foreign exchange market.
This means that, on a day-to-day basis, the naira declined by N0.84 per dollar against the US currency at the official FX market.
Similarly, at the parallel market, the naira weakened to N1,390 per dollar on Friday from N1,385 traded on Thursday.
Further analysis by DAILY POST showed that on a week-on-week basis, the naira strengthened by N1.68 per dollar at the official FX market.
The latest movement came as Nigeria’s external reserves sustained their upward trend, rising to $54.86 billion as of September 24, 2026, according to data from the apex bank.
