The naira ended the trading week stronger on Friday, July 17, 2026, appreciating to N1,380.18 against the United States dollar at the official foreign exchange market.
Data published by the Central Bank of Nigeria (CBN) showed the naira gained N1.34 compared with Thursday’s closing rate of N1,381.52 per dollar.
The latest appreciation represented a 0.09 per cent gain, extending the naira’s relative stability despite slight fluctuations recorded during trading this week.
The improved performance follows ongoing foreign exchange reforms introduced by the CBN to enhance transparency, improve liquidity and restore confidence in Nigeria’s currency market.
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CBN Governor, Olayemi Cardoso, said the reforms had restored stability and transparency to Nigeria’s foreign exchange market after years of distortions.
Cardoso spoke during a fireside chat at the 14th Annual BusinessDay CEO Forum held in Lagos on Thursday.
He said the reforms had ended the era of multiple exchange rates, creating a more transparent and efficient market for businesses and individuals.
According to Cardoso, Nigerians can now access foreign exchange through a more efficient, competitive and market-driven system that supports economic activities.
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