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The naira rose by N18.09 week-on-week in the official market, closing at N1,362.09 per dollar on Friday, July 25, 2026Nigeria’s external reserves climbed to $52.52 billion as of July 17, providing roughly 11 months of import coverStandard Chartered’s chief investment officer weighed in on what the stronger dollar means for emerging markets like Nigeria
Pascal Oparada is a journalist with Legit.ng, covering technology, energy, stocks, investment, and the economy for over a decade.
Nigeria’s naira held firm against the US dollar this week, gaining ground in both the official and parallel markets even as the greenback strengthened globally, buoyed by improved domestic liquidity, rising foreign reserves and sustained confidence in the Central Bank of Nigeria’s (CBN) exchange rate reforms.
Data from the CBN showed the naira closed at N1,362.09 per dollar on Friday in the Nigerian Foreign Exchange Market (NFEM), up from N1,380.18 the previous Friday, a week-on-week improvement of N18.09, or 1.3
