The Nigerian naira has depreciated against the United States dollar at the official foreign exchange market, ending the week on a downward trend. According to data from the Central Bank of Nigeria, the naira fell to 1,456.73 per dollar on Friday, from 1,452.13 on Thursday. This represents a decline of 4.6 against the dollar on a day-to-day basis.

On the black market, the naira was sold at 1,465 per dollar on Friday, as reported by Abubakar Alhasan, a Bureau de Change operator in Wuse Zone 4. A review of the week’s performance shows that the naira recorded more losses than gains. Although it gained 14.3 against the dollar on the official market on a week-on-week basis, it remained flat on the black market.

Despite the naira’s depreciation, Nigeria’s foreign reserves continue to rise, standing at $44.19 billion as of November 20, 2025. The country’s currency has experienced fluctuations in recent times, with the official and black market rates often differing. The naira’s performance is closely watched by investors and stakeholders, as it affects the country’s economy and trade.

The decline of the naira against the dollar may have implications for Nigeria’s imports and exports, as well as the overall economy. The Central Bank of Nigeria’s efforts to stabilize the currency and manage inflation will be crucial in the coming weeks. As the global economy continues to evolve, the naira’s performance will be an important factor to monitor.

In recent months, the Nigerian government has implemented policies aimed at strengthening the naira and improving the country’s economic outlook. The impact of these policies on the currency’s performance will be closely monitored by analysts and investors. With the foreign reserves continuing to rise, the naira’s depreciation may be a short-term trend, but its long-term performance will depend on various economic factors.