Naira records massive appreciation against US dollar across FX markets

The Naira recorded a massive appreciation against the United States dollar across official and parallel foreign exchange markets to end the week on an impressive note.

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The Central Bank of Nigeria’s data showed that the Naira rose further on Friday to N1,386.55 per dollar, up from N1,396.99 was exchanged on Thursday.

This means that on a day-to-day basis the naira strengthened by N10.44 against the dollar.

Similarly, at the black market, the Naira gained N10 to close at N1,470 on Friday, up from N1,480 the previous day.

Further analysis showed that the Nair a recorded a N35.08 and N20 gain against the dollar on a week-on-week basis at the official and Black markets, respectively.

Naira’s uptrend across FX markets comes as the country’s foreign reserves grew further to $46.18 million on January 29th, 2026, a significant rise from $46.01 billion traded last week Friday.