The naira recorded significant depreciation against the naira at the official foreign exchange market to end the week on a negative.
The Central Bank of Nigeria’s data showed that the Naira dropped to N1,465.68 on Friday, down from N1,455.25 traded on Thursday.
This means that the naira weakened by N10.43 on a day-to-day basis after it had gained massively on Thursday.
Meanwhile at the black market, the Naira remained stable at N1,485 per dollar on Friday, the same rate exchanged on Thursday.
DAILY POST reports that Friday’s Naira depreciation is the first since this week, as the country’s currency had a positive run in the past four days.
On a week-on-week basis, the naira appreciated by N14.98 when compared to N1,480.66 per dollar recorded last week, Friday, September 27th, 2025.
The development comes as Nigeria’s external reserves have continued to rise and stood at $42.40 billion as of October 2, 2025, up from $42.33 billion on September 29, 2025.
Naira depreciates significantly against US dollar to end week on negative note