Naira gains N1.13, close at N1,346.49 per dollar
The Nigerian Naira gained N1.13, closing at N1,346.49 per dollar at the official market. Discover how the Naira gains amid CBN reforms. Read More: https://punchng.com/naira-gains-n1-13-close-at-n1346-49-per-dollar/
On Friday, the Nigerian naira closed the week stronger, trading at N1,346.49 per U.S. dollar, according to the Central Bank of Nigeria's official website. The currency gained N1.13, marking a marginal 0.08 percent increase from Thursday's rate of N1,347.62 per dollar.
Throughout the week, the naira demonstrated relative stability amidst ongoing reforms by the Central Bank of Nigeria. It only experienced a single day of depreciation during the trading week. The currency opened the trading week on Monday with a slight appreciation, trading at N1,349.53 to a dollar. On Tuesday, the local currency continued to appreciate before recording a minimal loss of 0.5 percent on Wednesday.
However, the naira rebounded on Thursday, experiencing a gain of N2.79 before closing the week with additional growth on Friday. The Central Bank of Nigeria reserves all rights regarding this information and any digital content on their website. Unauthorized reproduction, publication, broadcasting, rewriting, or redistribution of this material is strictly prohibited.
Written by urgent.news from Punch Nigeria's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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- Naira gains N1.13, close at N1,346.49 per dollar punchng.com
