The Naira opened the week on a stronger note, trading at a buy rate of N1,455/$ and a sell rate of N1,465 as against the buy rate of N1,462 and a sell rate of N1,470/$.
Data from AbokiFX shows the currency moved from a closing rate of N1,470 last weekend to N1,465 at the start of the week, signifying an appreciation of N5.
The slight rebound points to a better flow of foreign currency and a boost in market confidence.
In other segments, the Naira traded at a buy rate of N1,900 and a sell rate of N1,925 against the Pound. For the Euro, the buy rate stood at N1,660 and the sell rate was N1,680. The Canadian-Dollar traded at N1,150 buy rate and N1,250 sell rate.
GT Bank’s FX Rate for international transactions remained at N1,460/$.
At the official window, the Naira closed at N1,458/$ at the Central Bank of Nigeria’s Daily Nigerian Foreign Exchange Market (NFEM) on Friday, November 21, 2025.
The currency began the week at N1,447/$ on Monday, November 17, 2025 and ended at N1,458, thereby losing N11.
The depreciation at the official market was driven by tight foreign currency inflows, high structural demand and the continuous strategic process of the CBN seeking to unify the currency rates amid low foreign currency inflows.
