The naira recorded a significant weekly depreciation against the United States dollar across both the official and parallel foreign exchange markets on Friday.

At the official market, data from the Central Bank of Nigeria showed that the local currency weakened further to N1,363.39 per dollar on Friday, down from N1,359.81 traded on Thursday.

This indicates a day-to-day decline of N3.57 per dollar. On a week-on-week basis, the naira lost N17.07 against the dollar at the official window.

The local currency experienced sustained depreciation throughout the week under review at the official foreign exchange market.

Similarly, at the parallel market, the Naira depreciated by N58 week-on-week, closing at N1,375 per dollar on Friday compared to N1,317 recorded last week.

The bearish performance of the naira across the foreign exchange markets followed confirmation by President Bola Ahmed Tinubu that the apex bank had mopped up dollars from the market.

Meanwhile, Nigeria’s external reserves rose to $49.51 billion as of February 25, 2026, according to official figures.