The naira recorded its first weekly gain of the year on Friday at the official foreign exchange (FX) market, appreciating by N7.68 as improved liquidity, supported by the Central Bank of Nigeria (CBN), boosted market sentiment.
This development comes against the backdrop of a rebound in dollar supply, which rose by 38 percent month on month in December 2025, driven largely by increased FX sales by the CBN, according to data from FMDQ.
Figures published by the apex bank showed that the naira appreciated by 0.5 percent week on week, with the dollar quoted at N1,423.16 on Friday at the Nigerian Foreign Exchange Market (NFEM), compared with N1,430.84 at the close of trading the previous Friday. On a day-on-day basis, the local currency strengthened marginally by 0.2 percent from N1,419.71 quoted on Thursday at the same market segment.