The Naira rounded off the trading week on a slightly weaker footing on Friday, slipping by N2.60 against the U.S. dollar at the official foreign exchange window.
Data published on the Central Bank of Nigeria’s website showed the currency closing at N1,450.42 per dollar, reflecting a mild depreciation that underscores the market’s steady but persistent volatility.
Friday’s close represents a 0.17 per cent drop from Thursday’s rate of N1,447.82, which had already signalled moderate pressure on the national currency. The trend continued from Wednesday, when the Naira eased to N1,447.64 — a 0.1 per cent decline driven largely by sustained dollar demand outweighing limited supply.
Earlier in the week, the currency traded at N1,445.39 on Tuesday, marking a 0.2 per cent loss compared with Monday’s opening level of N1,448.43.
The sequence of mild dips throughout the week reflects ongoing fragility in the official market, where small but frequent fluctuations have become a familiar pattern amid tight liquidity conditions.
