Lagos: The naira closed the week slightly weaker on Friday, trading at N1,366.19 to the U.S. dollar at the official market.
Data published on the Central Bank of Nigeria’s website showed that the naira lost 13 kobo.
This represented a 0.01 per cent decline from Thursday’s closing rate of N1,366.05 to the dollar.
Despite relative stability from recent CBN reforms, the currency experienced weeklong fluctuations, ultimately ending Friday with a marginal loss.
Earlier in the week, on Wednesday, the naira strengthened to N1,358.28, gaining N14.63 against the dollar.
Similarly, it also appreciated on Tuesday, rising by N17.44 to trade at N1,372.91 per dollar.
The week opened on Monday with the naira trading at N1,390.36 at the official market, setting the stage for subsequent fluctuations.
