At the official market, data from the Central Bank of Nigeria (CBN) indicated that the naira closed at N1,443.90 per dollar, compared with N1,442.92 in the previous session. The adjustment reflects a day-to-day weakening of N0.98, underscoring a relatively mild shift rather than a sharp correction.
The parallel market registered a similar direction, with traders quoting the currency at N1,470 per dollar, down by N5 from the N1,465 level held since the start of the week. Market operators attributed the dip to renewed demand pressures, though noted that volatility remains contained for now.
This softening comes shortly after the naira logged three consecutive sessions of appreciation, during which it strengthened by N10.92 against the dollar. Analysts suggest the latest movement may reflect profit-taking or a recalibration of market sentiment rather than a structural reversal.
In a related development, Nigeria’s external buffers showed improvement. CBN figures reveal that the country’s foreign reserves rose to $44.56 billion as of 26 November 2025, up from $44.26 billion recorded on 21 November. The increase offers some support to monetary authorities as they navigate ongoing currency-market pressures.
Overall, while Thursday’s trading ended with slight depreciation, the broader picture suggests a market still testing new equilibrium levels amid fluctuating demand-supply dynamics.