Data from the Central Bank of Nigeria (CBN) indicated that the local currency appreciated to N1,441.44 per dollar, improving marginally from N1,443.08 recorded the previous day. The movement reflects a day-to-day gain of N1.64, a modest but notable shift following sustained losses earlier in the week.
In contrast, activity at the parallel market remained static. The Naira held at N1,465 to the dollar on Thursday, unchanged from Wednesday’s rate, suggesting that street-level sentiment and liquidity conditions have yet to respond to the slight official-market rebound.
Market watchers observed that Thursday’s appreciation broke a bearish streak, with Wednesday marking the steepest depreciation of the week.
Supporting macroeconomic indicators also showed a slight uptick: the CBN’s foreign reserves climbed to $43.42 billion as of November 12, 2025, compared with $43.39 billion on the previous day. Analysts view the continued reserves buildup as a potential buffer for future currency stability, though sustained policy support may be needed to maintain momentum.