Data from the Central Bank of Nigeria (CBN) showed that the naira fell to ₦1,464.50 per dollar on Friday, down from ₦1,457.84 at the start of the week. This marked a daily loss of ₦6.65 per dollar, the largest single-day dip since December 4, 2025, and brought the total weekly decline to ₦12.67, signaling the currency’s weakest performance in several months.
The naira also lost value in the parallel market, closing at ₦1,500 per dollar on Friday. This represented a ₦15 drop compared with last week’s rate of ₦1,490, underscoring a broad-based weakening across both official and black-market exchanges.
The decline comes as Nigeria’s external reserves decreased by $0.20 billion (0.57%), falling to $45.21 billion as of December 17, 2025, from $45.47 billion recorded on December 12. Analysts suggest that the reserve drop, combined with sustained foreign exchange demand, continues to weigh on the naira, raising concerns about potential inflationary pressures and import costs.