The naira firmed versus the US dollar on Friday after the Eid-ul-Adha break, reversing a pre-holiday dip in the official market. Central Bank of Nigeria figures show the local currency strengthened to 1,373.25 per dollar, compared with 1,375.41 traded on Tuesday.
Quick facts
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Date: May 29, 2026.
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Official market: naira strengthened to 1,373.25 per dollar on Friday from 1,375.41 on Tuesday.
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Change on Friday versus Tuesday: +2.16 naira per dollar.
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Black market: naira held steady at 1,395 per dollar on Friday.
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External reserves: $49.34 billion as of Tuesday, May 26, 2026.
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Context: the naira had fallen against the dollar before Eid-ul-Adha at the official foreign exchange window.
That movement indicates the naira gained 2.16 naira against the dollar on Friday relative to the pre-holiday close of work. In contrast, trading outside official channels showed no improvement, with the exchange rate remaining unchanged at 1,395 per dollar.
The split performance across foreign exchange segments comes as Nigeria’s external reserves were reported at 49.34 billion US dollars as of Tuesday, May 26, 2026. The picture also reflects that, ahead of Eid-ul-Adha, the naira had weakened against the dollar in the official market.
