Naira Rebounds at Official Market, Gains ₦2.06 After Mid-Week Plunge

|By Babatunji Wusu

The Naira regained strength on Thursday, appreciating against the United States dollar at the official foreign exchange market after slipping to its lowest level earlier in the week.

Fresh data from the Central Bank of Nigeria (CBN) revealed that the local currency firmed to ₦1,452.13 per dollar on Thursday, an improvement from the ₦1,454.19 it traded on Wednesday. The movement reflects a ₦2.06 day-to-day gain for the Naira.

However, the recovery at the official window contrasted with developments in the parallel market, where the Naira weakened by ₦5 to close at ₦1,470 per dollar, down from ₦1,465 the previous day.

CBN figures also showed that Nigeria’s external reserves continued their upward trajectory, rising to $44.12 billion as of 19 November 2025, despite the mixed performance of the currency across markets.

The modest rebound comes a day after the Naira suffered its sharpest depreciation at the official FX market this week.