The naira on Friday closed the week on a stronger note, appreciating against the U.S. dollar at the official market, trading at ₦1,386.55.
Data published on the official website of the Central Bank of Nigeria (CBN) showed that the local currency gained ₦10.43, representing a 0.7 per cent appreciation compared with Thursday’s rate of ₦1,396.99 to the dollar.
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The naira has remained relatively stable, buoyed by ongoing CBN reforms, and has recorded a week-long appreciation.
It traded at ₦1,418.95, ₦1,401.22, and ₦1,400.47 on Monday, Tuesday, and Wednesday, respectively.
