Naira gains N10 week-on-week to N1,348/$ as reserves hit $48.5B
Naira strengthens to N1,348 per dollar in official FX market, capping steady weekly gains from N1,344 to N1,348. Central Bank data shows N10 week-on-week appreciation. External reserves reach $48.5B, highest since May 2013, improving Nigeria's ability to meet obligations and buffer against shocks. CBN targets $51B by year-end to sustain stability. This supports importers and investors amid improved liquidity conditions.
SOURCE: https://nairametrics.com/2026/02/21/naira-closes-at-n1348-friday-gains-n10-week-on-week/