Naira closes week at N1,366.19 per dollar as Nigeria’s external reserves hit $46.91bn

The Naira ended the week at N1,366.19 per dollar at the official foreign exchange market as Nigeria’s foreign reserves climbed to $46.91 billion.

The Central Bank of Nigeria’s data showed that it depreciated slightly on Friday to N1,366.19 per dollar, down from N1,366.06.

This means that on a day-to-day basis the Naira dropped by N0.13 against the dollar.

However, the country’s N20.36 gained significantly on a week-on-week basis at the official foreign exchange market.

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At the black market, the Naira ended the week with an N10 gain, closing at an N1,450 per dollar rate.

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This followed the continued rise in the country’s external reserves, which climbed to $46.91 billion as of February 5th, 2026, according to the apex bank data.