Lagos: The Naira ended the week on a weaker note on Friday, slipping by ₦2.60 against the U.S. dollar at the official foreign exchange market.
It settled at N1,450.42, according to figures released on the Central Bank of Nigeria‘s official website, reflecting a mild but persistent downward drift.
The latest closing rate represents a 0.17 per cent depreciation from Thursday’s level of N1,447.82, which itself showed limited pressure on market stability.
On Wednesday, the Naira traded at N1,447.64, down 0.1 per cent, as demand for the dollar continued to outweigh available supply.
The currency had earlier traded at N1,445.39 on Tuesday, representing a 0.2 per cent loss compared with Monday’s rate of N1,448.43 per dollar.