The naira fell for a fifth straight session in Nigeria’s official foreign-exchange market, closing the week weaker at N1,368.22 per US dollar on Friday. It also lost ground in parallel trading, where the currency reached N1,425 per dollar.
Key takeaways
- The official exchange rate slipped by N1.49 from Thursday’s N1,366.73.
- Parallel-market pricing moved from N1,418 to N1,425 per dollar in one day.
- Across the week, the naira declined by N6.13 at the official window and N15 in parallel trading.
- Nigeria’s foreign-exchange reserves were recorded at $51.92 billion on July 30, 2026.
Foreign-exchange pressure persists
Central Bank of Nigeria figures showed that the official rate weakened by N1.49 on Friday compared with the previous session’s N1,366.73. The move extended the naira’s uninterrupted five-day decline and left the currency ending the week on a negative note.
Trading outside the official market reflected a sharper deterioration. The naira changed hands at N1,425 per dollar on Friday, versus N1,418 a day earlier. Over the full week, the currency lost N6.13 against the dollar at the official market and N15 at the parallel market.
The latest exchange-rate movements came as Nigeria’s foreign reserves stood at $51.92 billion as of July 30, 2026.
