Market News
Naira continues depreciation against US dollar to end on negative note - DAILY POST
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The naira continued depreciation against the United States dollar on Friday at the official foreign exchange market to end the week on a bearish trend.
The Central Bank of Nigeria’s data showed that the naira further weakened against the dollar on Friday to close at N1,446.74, down from N1,443.90 on Thursday.
This means that the Naira declined by N2.8 on a day-to-day basis.
Meanwhile, at the black market, the Naira remained flat, closing at N1470 per dollar, the same exchange rate as on Thursday.
DAILY POST reports that there were three gains and two losses recorded at the official market in the week under review. On a week-on-week basis, the naira gained N9.99 against the dollar at the official market but lost N5 at the parallel FX market.
The development comes as the country’s external reserves stood at $44.61 billion as of 27 November 2025, a sharp rise from $44.26 billion last week.
