The Nigerian naira has continued its downward trend against the United States dollar, closing the week on a bearish note. According to data from the Central Bank of Nigeria, the naira declined by N2.8 to N1,446.74 against the dollar on Friday, down from N1,443.90 on Thursday. This marks a day-to-day depreciation of the local currency.

At the black market, the naira remained stable, exchanging at N1,470 per dollar, the same rate as the previous day. The official foreign exchange market recorded three gains and two losses during the week, with the naira gaining N9.99 against the dollar on a week-on-week basis. However, at the parallel market, the naira lost N5.

The country’s external reserves have risen to $44.61 billion as of November 27, 2025, representing an increase from $44.26 billion the previous week. This development may have implications for the nation’s economy, particularly in terms of foreign exchange stability.

The naira’s performance is a significant indicator of the country’s economic health, and its continued depreciation may affect trade and investment. The Central Bank of Nigeria’s efforts to stabilize the currency and manage inflation will be closely watched in the coming weeks.

In recent months, the naira has experienced fluctuations against major currencies, including the US dollar. The foreign exchange market has been subject to various factors, including economic indicators, monetary policy decisions, and global market trends. As the Nigerian economy continues to evolve, the naira’s performance will remain a key area of focus for policymakers, businesses, and investors.

The current state of the foreign exchange market underscores the need for continued monitoring and management to ensure stability and promote economic growth. With the external reserves on the rise, there may be opportunities for the country to strengthen its economy and improve the naira’s performance in the foreign exchange market.