Naira Weakens Further Against Dollar in Official and Parallel Markets

Nigeria’s naira ended the week under renewed pressure against the US dollar on Friday, declining in both the official and informal foreign-exchange markets. Central Bank of Nigeria figures showed the currency fell to N1,361.84 per dollar on Friday, compared with N1,344.40 on Thursday, representing a day-on-day loss of N17.44. In the parallel market, the naira also slipped, trading at N1,385 per dollar versus N1,377 a day earlier. The broad weakening came even as Nigeria’s external reserves continued to increase, reaching $55.16 billion on Thursday. Over the week, the naira registered more sessions of depreciation than gains against the dollar across the two currency markets.

Zibuyile began her media journey as a sales intern at Mediamark (Kagiso Media) before moving into digital content creation for ZAlebs.com. Over four years, she helped evolve the platform from a simple blog into one of South Africa’s leading independent entertainment news sites.

Following ZAlebs’ transition to Celebrity Worx in 2016, Zibuyile was promoted to Executive Editor, recognized for her sharp audience insight and ability to match editorial with branded content. Highlights of her time include a Bookmark Award nomination, judging TLC’s Next Great Presenter, reporting from the MTV EMAs, and building partnerships with radio stations like YFM, Cliff Central, and Good Hope FM.

Her editorial work also expanded to include fast-growing digital verticals—such as lifestyle tech, online entertainment, and gambling-related content—tailored to evolving reader interests and brand opportunities.