Lagos: The Naira ended the trading week on a bearish note Friday, closing at N1,549.35 to the U.S. Dollar at the official market.
The Central Bank of Nigeria website data showed that the local currency lost N9.62k against the dollar.
This represents a 0.6 per cent loss compared to the N1,539.72 per dollar recorded on Wednesday, June 11, before Democracy Daybreak.
The Naira, which had been relatively stable since December 2024, showed signs of fluctuation during this week’s trading session.
The Sallah holiday began on Friday, June 6, ending on Monday, June 9.
Following the holiday, the FX market opened on Tuesday and Wednesday before closing again for the June 12 Democracy Day holiday.
On Tuesday, the Naira traded at N1,540.04, representing a 0.8 per cent gain from N1,553.11, and the closing rate was on Thursday, June 5.