The naira posted a notable weekly decline against the United States dollar on Friday, weakening across both the official and parallel foreign exchange markets.

At the official window, figures released by the Central Bank of Nigeria showed the currency slipped to N1,363.39 per dollar on Friday, compared to N1,359.81 recorded on Thursday. This reflects a day-on-day drop of N3.57. On a week-on-week basis, the naira depreciated by N17.07 at the official market.

The local currency sustained a steady downward trend throughout the review period at the official foreign exchange market.

At the parallel market, the naira also weakened significantly, falling by N58 over the week to close at N1,375 per dollar on Friday, from N1,317 in the previous week.

The continued bearish performance followed confirmation by President Bola Ahmed Tinubu that the apex bank had intervened by mopping up excess dollars from the market.

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