The naira depreciated against the United States dollar on Friday at the official foreign exchange market, reversing part of the gains recorded earlier in the week.
Data from the Central Bank of Nigeria (CBN) showed that the naira closed at ₦1,366.06 per dollar on Friday, down from ₦1,358.28 recorded on Thursday.
This represents a day-on-day depreciation of ₦7.78 at the official window.
At the parallel market, the naira remained unchanged at ₦1,460 per dollar, the same rate recorded the previous day.
The development comes despite Nigeria’s external reserves remaining strong. According to the apex bank, the country’s foreign reserves stood at $46.81 billion as of February 4, 2026.
Recall that the naira had recorded a significant rebound earlier in the week, gaining ₦32.08 between Tuesday and Wednesday at the official foreign exchange market.
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