The naira ended the five trading sessions of the week relatively unchanged across various segments of the foreign exchange (FX) market, even as Nigeria’s external reserves posted a modest rebound.
At the Nigerian Foreign Exchange Market (NFEM), the naira closed on Friday at N1,530.26 per dollar, representing a marginal depreciation of 0.1 per cent from the N1,528.33 recorded the previous Friday, according to data published by the Central Bank of Nigeria (CBN).
Meanwhile, Nigeria’s external reserves increased to $37.35 billion as of July 10, 2025, reflecting a 0.45 per cent rise from $37.18 billion on July 2. The uptick marks a temporary relief in what had been a downward trend in reserve levels.
