The Naira wrapped up the trading week on a modest decline at the official market, closing at N1,343.63 against the United States dollar.
Figures published by the Central Bank of Nigeria (CBN) on Friday showed the local currency shed N1.33, representing a 0.09 per cent drop from Thursday’s closing rate of N1,342.30.
The week’s performance marked a reversal from a two-week streak of gains, as the naira weakened at the close of trading on Friday.
Earlier in the week, the currency opened at N1,356.18 on Monday before strengthening to N1,343.76 on Tuesday. It remained relatively stable midweek, closing at N1,343.74 on Wednesday.
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