The naira prolonged its appreciation against the United States greenback on Friday, ending the week on a constructive notice on the official foreign trade market, even as the nation’s foreign reserves declined for the second consecutive day.
Central Bank of Nigeria, CBN, information confirmed that the naira strengthened barely to N1,346.26 against the greenback on Friday, up from N1,346.91 recorded on Thursday.
This signifies that, on a day-to-day foundation, the naira appreciated by N0.65 against the greenback on the official foreign trade market.
Meanwhile, on the parallel market, the naira remained flat at N1,390 per greenback on Friday, the identical rate recorded on Thursday.
DAILY POST experiences that the naira has gained considerably against the greenback over the previous 5 buying and selling days, recovering from losses recorded final week.
This comes as the nation’s foreign reserves declined for the second consecutive day to $55.24 billion, based on CBN information as of October 29, 2026.
