The naira closed trading on Friday with a stronger performance at the official foreign exchange market, appreciating against the U.S. dollar to settle at N1,386.55.
Figures published on the official website of the Central Bank of Nigeria (CBN) showed that the local currency recorded a N10.43 gain.
The improvement represents a 0.7 per cent increase compared with Thursday’s close, when the naira exchanged at N1,396.99 to the dollar.
The currency has maintained relative stability in recent days, supported by ongoing CBN reforms, which have contributed to steady appreciation throughout the week.
Trading data showed that the naira exchanged at N1,418.95 on Monday, N1,401.22 on Tuesday, and N1,400.47 on Wednesday.
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