Naira sustains gains, trades at N1,337
The Naira sustained its appreciation this week, strengthening to N1,337.28 against the US dollar. Read More: https://punchng.com/naira-sustains-gains-trades-at-n1337/
The Nigerian Naira experienced an increase in value on Friday, trading at N1,337.28 against the US dollar in the official foreign exchange market. According to data released by the Central Bank of Nigeria, the local currency rose by N1.29, marking a 0.09 percent increase from the previous day's rate of N1,338.58 per dollar. Throughout the week, the Naira has consistently appreciated, extending a trend that had been ongoing for two weeks.
Following the public holiday on Tuesday, the Naira resumed trading on Wednesday at N1,343.59 per dollar. The currency continued its upward trajectory, gaining an additional N5.01 on Thursday, ultimately closing at N1,338.58 per dollar. This week marks Nigeria's return to frontier market status after a three-year absence.
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- Naira sustains gains, trades at N1,337 punchng.com
