The Naira has recorded its highest appreciation against the United States dollar so far this week, showing renewed strength in Nigeria’s foreign exchange market.

According to the latest data from the Central Bank of Nigeria (CBN), the Naira appreciated to ₦1,436.97 per dollar on Thursday, up from ₦1,444.42 on Wednesday. This represents a ₦7.45 day-to-day gain, marking the local currency’s strongest performance of the week.

The Thursday surge outperformed previous daily gains of ₦5.17, ₦4.58, and ₦3.78 recorded earlier in the week, signaling a consistent uptrend in the Naira’s value.

Meanwhile, the exchange rate at the black market remained stable at ₦1,485 per dollar, maintaining the same level as the previous day.

The positive movement coincides with a boost in Nigeria’s external reserves, which climbed to $43.11 billion as of October 28, 2025.

Analysts believe the steady appreciation reflects the CBN’s ongoing reforms and improved market confidence, though they caution that sustained stability will depend on continuous foreign inflows and disciplined fiscal policies.

The recent performance offers cautious optimism for the economy, suggesting that the Naira may be on track for more stability if current trends persist.