Naira Strengthens to N1,455/$
The Naira ended the week stronger at N1,455.5 per US dollar on Friday, according to data published on the Central Bank of Nigeria (CBN) website.
This marks an improvement from N1,461/$1 recorded on Thursday, reflecting a sustained trend of relative stability in the foreign exchange market.
- On Wednesday, it closed at N1,462/$1
- On Tuesday and Monday, it closed at N1,464.5/$1
In the parallel market, the currency hovered between N1,487/$1 and N1,492/$1.
Compared to the previous week, the Naira demonstrated a stronger performance, with an appreciation of about N15.5, or roughly 1% week-on-week.
Author's summary: Naira strengthens to N1,455/$.
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