The Nigerian currency note, the naira, on Friday ended the week on a positive note with the highest appreciation against the US dollar in both the parallel and official exchange markets.
Exchange data from a Bureau de Change operator in Wuse Zone 4, Abubakar Alhasan, showed that the naira closed at N1,595 per dollar on Friday, compared to N1,610 traded on Thursday.
This implies that on the black market, the naira gained N15 against the dollar on a day-to-day basis.
In the same vein, the Central Bank of Nigeria’s exchange data indicated that the naira strengthened to N1,599.54 per dollar on Friday from N1,601.82 on Thursday.
Accordingly, Nigeria’s currency appreciated by N2.28 against the dollar on a day-to-day basis.
In the past three days, the naira recorded appreciation against the dollar at both foreign exchange markets.
The naira had started the week after the Easter break at N1,610 and N1,602.63 per dollar at both black and official markets.
