The Naira ended the week on a stronger footing on Friday in the official market, closing at N1,599.55 against the Dollar after several days of volatility.
This rebound comes after a period of turbulence, during which the local currency wavered in performance over consecutive trading sessions.
Figures from the Central Bank of Nigeria (CBN) show that the Naira appreciated by N2.27 against the Dollar, translating to a 0.14 per cent improvement on Thursday’s closing rate of N1,601.82.
The Naira had opened the week on a weaker note following the Easter break, trading at N1,602.63 per Dollar on Tuesday, 22 April, a 0.16 percent depreciation from 17 April’s rate of N1,599.94.
By Wednesday, 23 April, the currency recorded a slight recovery, settling at N1,602.30 per Dollar, reflecting a modest 0.03 percent gain from the previous day’s performance.