CBN data shows the Naira official market rate closed slightly weaker at ₦1,366.19 after midweek gains and fluctuating liquidity conditions

The naira official market rate closed the trading week slightly weaker on Friday as the currency exchanged at ₦1,366.19 to the United States dollar at the official foreign exchange window, according to data released by the Central Bank of Nigeria.

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Figures published on the apex bank’s website showed that the local currency depreciated by 13 kobo, representing a 0.01 per cent decline from Thursday’s closing rate of ₦1,366.05 to the dollar.

Despite the marginal loss at the end of the week, the naira maintained cautious stability, reflecting the impact of recent foreign exchange reforms introduced by the Central Bank of Nigeria.

Trading sessions during the week were marked by noticeable fluctuations.

On Wednesday, the currency recorded a significant rebound, appreciating by ₦14.63 to close at ₦1,358.28 per dollar. The naira also posted gains on Tuesday, rising by ₦17.44 to trade at ₦1,372.91 at the official window.

The week opened on Monday with the naira trading weaker at ₦1,390.36 to the dollar before staging a midweek recovery that helped cushion broader losses.

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The News Agency of Nigeria observed that the performance reflects a period of measured stability, as movements in the official market were largely influenced by liquidity conditions and demand pressures.