Naira extended appreciation against the United States dollar to sustain a rally at the official foreign exchange market on Friday.

 

 

The Central Bank of Nigeria’s official foreign exchange market data indicated that the Naira further firmed up to N1,366.23 per dollar on Friday, up from N1,371.51.

 

This means that on a day-to-day basis the local currency, the naira, appreciated by N5.28.

 

 

Meanwhile at the black market, the Naira remained flat at N1,440 per dollar on Friday, the same rate recorded on Thursday.

 

UGAMATV reports that the Naira has continued to rally at the official foreign exchange market since Tuesday, March 10, and has gained N35.17 per dollar.

 

However, at the parallel market, the Naira declined by N20 in the last four days, according to multiple Bureau de Change operators.

 

The development comes as the country’s external reserves stood at $50.03 billion as of 11 March 2026.