The Nigerian Naira ended the trading week on a positive trajectory, appreciating by 0.7 per cent to close at ₦1,487.89 per dollar in the official market on Friday.
Data from the Central Bank of Nigeria (CBN) revealed that the local currency gained ₦11.08 compared to Thursday’s rate of ₦1,498.97.
The currency had also opened the week strong, appreciating by ₦4.03 on Monday against the U.S. dollar. However, it experienced slight dips midweekmidweek, trading at ₦1,484.13 on Tuesday, ₦1,494.01 on Wednesday, and ₦1,498.97 on Thursday, before recovering to close the week stronger.
Market analysts have praised the Naira’s resilience, attributing the recent gains to ongoing CBN reforms aimed at stabilising the foreign exchange market and reducing speculative demand for the dollar.
In addition, members of the CBN’s Monetary Policy Committee (MPC), in their individual assessments during the 301st MPC meeting in July 2025, expressed optimism that the Naira would continue to appreciate as policy measures take deeper root.
