The naira extended its upward momentum against the United States dollar on Friday, closing the week on a positive note at the official foreign exchange market.

According to data from the Central Bank of Nigeria (CBN), the local currency appreciated slightly to ₦1,436.58 per dollar on Friday, compared to ₦1,436.74 recorded on Thursday — marking a ₦0.16 daily gain.

At the parallel (black) market, however, the naira traded flat at ₦1,445 per dollar, the same rate as the previous day, according to Bureau De Change operator Abubakar Alhasan in Abuja’s Wuse Zone 4.

Despite the marginal daily gain, the naira still recorded a weekly decline of ₦14.85 at the official market, compared to ₦1,421.73 per dollar last Friday.

Conversely, the local currency strengthened sharply at the black market over the same period, supported by improved dollar liquidity and increased confidence in the foreign exchange reforms.

Meanwhile, Nigeria’s external reserves continued their steady rise, reaching $43.32 billion as of Thursday, November 6, 2025, reflecting higher oil receipts and capital inflows.