Naira Gains Against Dollar After Steady Decline

The naira edged higher against the United States dollar on Friday, marking its first gain after a prolonged slide that began on December 2, 2025.

Figures released by the Central Bank of Nigeria (CBN) showed the local currency strengthened to N1,454.4123 per dollar at the official foreign exchange window, compared with N1,456.0656 recorded on Thursday.

This represents a day-on-day appreciation of N1.66. Despite the modest rebound, CBN data indicate that the naira has shed about N9 over the past eleven days.

In the parallel market, the currency showed no movement, trading steadily at N1,490 to the dollar on Friday. The rate has remained unchanged since Monday, according to several Bureau De Change operators in Abuja’s Wuse Zone 4.

The development comes amid an improvement in Nigeria’s external reserves, which rose to $45.44 billion as of 11 December 2025, up from $44.91 billion on December 2, based on data from the apex bank.