
Naira closes week higher at N1,346.49 to the dollar in official market
The naira concluded the week with an appreciation in the official market, trading at N1,346.49 against the U.S. dollar on Friday. This represents a gain of N1.13, or 0.08 percent, compared to Thursday's rate of N1,347.62 per dollar. The currency maintained relative stability throughout the week, experiencing only one day of depreciation amidst ongoing Central Bank of Nigeria reforms. The week began with an appreciation on Monday, with the naira trading at N1,349.53 to a dollar, and further appreciated on Tuesday. Although it recorded a minimal loss of 0.5 percent on Wednesday, the naira recovered on Thursday with a gain of N2.79 before its final gain on Friday.



