Naira gains N1.13, close at N1,346.49 per dollar

The Nigerian naira experienced a slight gain of N1.13, closing at N1,346.49 per U.S. dollar on Friday. According to the Central Bank of Nigeria's official website, the currency increased by 0.08 percent compared to Thursday's rate of N1,347.62 per dollar. Throughout the week, the naira remained relatively stable despite ongoing Central Bank reforms.

It only showed a brief depreciation on Monday before appreciating again on Tuesday. On Wednesday, the local currency saw a minimal loss of 0.5 percent. However, it rebounded on Thursday with a gain of N2.79, ultimately closing the week with a further gain on Friday. The content provided is protected by copyright, and any reproduction, publication, broadcasting, rewriting, or redistribution is strictly prohibited without prior express written permission from PUNCH.