The Naira closed the trading week on Friday 31 October 2025 at ₦1,421.73 to the U.S. dollar, at the official Investors and Exporters (I&E) window.

This is its highest close since early February 2025, and a significant turnaround from the currency’s instability earlier this year.

Central Bank of Nigeria (CBN) records show that the naira opened at ₦1,452.79 on Monday 27 October 2025, dipped slightly to ₦1,448.20 on Tuesday, rose to ₦1,444.42 Wednesday and peaked at ₦1,421.73 on Friday.

This also mirrors gains in the parallel market, where the lcurrency traded between ₦1,479 and ₦1,490 per dollar, from more than ₦1,500 a fortnight ago.

Analysts have attributed the sustained gains in the value of the naira to the following factors:

* Continued rise in Nigeria’s external reserves which have now surpassed $43 billion.
* The recent surge in Foreign Direct Investment (FDI) by about $272 million.
* “Dollar hoarders” starting to shift into panic mode and changing them back into naira.
* Improved market liquidity.
* Renewed confidence in the Nigerian economy.