The Nigerian naira traded at seven hundred eighty to the United States dollar on Friday in the official Investors and Exporters window, according to market data. The figure represents a sharp increase from last year, when the currency exchanged at four hundred fifty‑five to the dollar.
Against other major currencies, the naira showed mixed performance. The pound sterling closed at one thousand eight hundred seventeen point eight four, down fifteen percent from a year earlier. The euro traded at one thousand five hundred seventy‑six point nine six, marking a thirteen point seven percent decline, while the Chinese yuan slipped to one hundred ninety‑seven point four eight, a ten percent drop year‑on‑year.
Analysts say the naira’s relative stability in recent weeks reflects improved foreign exchange liquidity and the Central Bank of Nigeria’s continued reliance on the Investors and Exporters window. Global factors, including oil prices and reserve levels, remain critical to Nigeria’s currency outlook.
The naira has experienced wide swings in twenty twenty‑six, with rates fluctuating between four hundred fifty‑five and seven hundred ninety‑nine per dollar. Friday’s trading suggests a period of consolidation, though pressures in parallel markets highlight ongoing challenges in Nigeria’s foreign exchange system.
