he naira closed the week on a stronger note on Friday, appreciating further against the U.S. dollar at the official market to trade at ₦1,386.55/$1.
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 closing rate of ₦1,396.99/$1.
The naira has remained relatively stable in recent days, buoyed by ongoing CBN reforms, recording a week-long appreciation trend.
Earlier in the week, the currency traded at ₦1,418.95 on Monday, ₦1,401.22 on Tuesday, and ₦1,400.47 on Wednesday.