The Nigerian naira edged higher against the U.S. dollar on Friday, ending the first week of November 2026 on a positive note.
According to data released by the Central Bank of Nigeria (CBN), the official exchange rate moved to N1,346.79 per dollar on Friday, up from N1,348.74 the day before. The change represents a gain of N1.95 on a day‑to‑day basis in the official market.
In contrast, the parallel or “black market” rate held steady at N1,410 per dollar, the same level recorded on Thursday.
Despite the recent uptick, the naira has recorded more losses than gains in recent trading sessions across both markets.
The move comes as the country’s external reserves fell to $55.13 billion, according to the apex bank’s latest figures.
<small>Source: Daily Post Nigeria — read the original story there.</small>