The naira depreciated by N10.43 against the dollar on Friday, closing at N1,465.68 at the official market, though it posted overall weekly gains.
The naira weakened against the United States dollar at the official foreign exchange market on Friday, closing the week on a negative trajectory.
Data from the Central Bank of Nigeria (CBN) showed that the naira traded at N1,465.68 per dollar, a drop from N1,455.25 recorded on Thursday. This represents a day-to-day loss of N10.43, reversing the significant gains the local currency had posted earlier in the week.
At the parallel market, however, the exchange rate remained unchanged as the naira closed at N1,485 per dollar, the same rate recorded on Thursday.
Despite Friday’s slide, the naira ended the week stronger overall, appreciating by N14.98 compared to the N1,480.66 per dollar exchange rate on Friday, September 27, 2025.
The movement in the currency market comes as Nigeria’s external reserves continue to build up. CBN data indicated that reserves stood at $42.40 billion as of October 2, 2025, up from $42.33 billion on September 29, 2025.
Friday’s depreciation marks the first decline in four days of positive performance for the naira.