The naira and Nigeria’s external reserves closed the five-day trading week on a positive note, recording marginal growth attributed largely to renewed investor confidence following the Federal Government’s successful and oversubscribed Eurobond issuance during the week.
Data from the Central Bank of Nigeria (CBN) showed that the naira appreciated slightly by 17 kobo as the dollar was quoted at N1,436.57 on Friday, the last trading day of the week, compared to N1,436.74 on Thursday at the Nigerian Foreign Exchange Market (NFEM). Over the five trading days, the local currency maintained relative stability, closing at N1,436.57 per dollar on Friday as against N1,436.34 on Monday, the first trading day of November 2025.
At the parallel market, also known as the black market, the naira, appreciated by N25 day-on-day to N1,455 on Friday from N1,480 closed on Thursday.