The naira continued to depreciate against the United States dollar on Friday to end the week on a negative note at the official foreign exchange.
The Central Bank of Nigeria’s data showed that the Naira depreciated against the dollar to close at N1,355.41 on Friday, down from N1,353.66 on Thursday.
This means that at the official foreign exchange market, the Naira dropped by
N1.75 on a day-to-day basis.
Meanwhile, at the black market, the Naira remained stable at N1,440 per dollar on Friday, the same rate recorded on Thursday.
Newspot reports in the week under review ended the week with mixed sentiments but recorded more appreciations than depreciations at both foreign exchange markets.
The Naira gained 10.78 and N15 on a week-on-week basis at official and parallel foreign exchange markets, respectively.
This followed the continued rise in the country’s external reserves, which stood at $47.53 billion as of February 10th, 2026.
