The Nigerian naira closed the week at ₦1,366.19 per dollar at the official foreign exchange market, according to data from the Central Bank of Nigeria (CBN). This came as Nigeria’s external reserves rose to $46.91 billion, reflecting improved foreign currency inflows into the country.
CBN figures showed that the naira weakened slightly on Friday, slipping from ₦1,366.06 to ₦1,366.19 per dollar. This represents a marginal day-to-day depreciation of 13 kobo, indicating relative stability in the official market despite ongoing pressures on the currency.
On a weekly basis, however, the naira recorded a notable improvement. It strengthened by ₦20.36 compared to its opening rate earlier in the week, suggesting growing confidence in the official foreign exchange system and the impact of recent monetary interventions.
Meanwhile, the parallel market also recorded gains for the local currency. The naira appreciated by ₦10 at the black market, closing at ₦1,450 per dollar. Analysts link this performance to the steady increase in Nigeria’s external reserves, which stood at $46.91 billion as of February 5, 2026, providing stronger support for the naira.
