The naira strengthened during the past week, appreciating to 1,446.74/$ — a 0.69 per cent rise from the previous week’s rate of 1,456.72/$. The improvement followed the sharp volatility recorded earlier.
Throughout most of the week, the naira traded below 1,450/$ at the official window, while at the parallel market it eased slightly by 0.07 per cent to N1,476 per dollar.
Meanwhile, the Governor of the Central Bank of Nigeria, Olayemi Cardoso, disclosed at the 60th Annual Bankers’ Dinner in Lagos on Friday that foreign capital inflows reached $20.98bn in the first ten months of 2025 — a 70 per cent increase over total inflows for 2024 and a 428 per cent jump from the $3.9bn recorded in 2023.
Cardoso added that these reforms have reduced opacity and manipulation while restoring discipline.
“The naira now trades within a narrow, stable range. The once-substantial gap between the official and parallel markets has shrunk to under two per cent, down from over 60 per cent.
Foreign capital inflows reached $20.98bn in the first ten months of 2025, a 70 per cent increase over total inflows for 2024 and a 428 per cent surge compared with the $3.9bn recorded in 2023, reflecting a clear resurgence in investor confidence,” he stated.