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The naira ended the week stronger at the official foreign exchange market, appreciating to N1,363 per dollar on Friday.

This is according to data tracked from the Central Bank of Nigeria’s (CBN) website.

CBN daily trading data shows that the local currency maintained a largely stable but firmer trajectory throughout the trading week.

The improvement comes amid modest reserve accretion and continued divergence between the official and parallel market rates.

The naira’s weekly performance reflects sustained gains at the official window, even as pressures remain evident in the parallel market and the spread between both markets continues to widen.

Daily trading data from the CBN indicate that the naira closed the week with incremental gains after fluctuating within a narrow band across the five trading sessions.
The data shows a pattern of relative stability, with the exchange rate firming toward the end of the week.

During Friday’s trading session, the naira traded within a range of N1,373 per dollar to N1,361 per dollar, recording a simple mean average rate of N1,366.78 per dollar.

Checks by Nairametrics reveal that this is the currency’s best performance since May 2024, when it closed at N1,354.21/$ on May 6, 2024.

A comparison with recent reference points highlights the scale of the naira’s recovery at the official market over the past several weeks.
The currency’s latest close represents a notable improvement relative to earlier levels seen at the start of the year.

The steady improvement suggests that recent trading dynamics at the official window have been more supportive of the local currency, even as broader foreign exchange challenges persist.

While the naira gained at the official market, movements in the parallel market remained limited, leading to a wider gap between both segments.
Data from Friday’s trading show that the divergence between the two markets continues to reflect structural segmentation.