On Friday, the Naira appreciated in the official market, trading at N1,536.82 to the dollar.
According to data from the Central Bank of Nigeria, this marks an increase of N1.84, equivalent to a 0.11 percent rise compared to the N1,538.66 per dollar recorded on Thursday.
This upward movement comes after a series of slight depreciations experienced earlier in the week.On Monday, March 24, the Naira closed at N1,531.19 per dollar.
It then traded at N1,532.39 on Tuesday and N1,537.62 on Wednesday. Despite these minor setbacks, the Naira has demonstrated relative stability against the US Dollar since December 2024, largely attributed to the Central Bank of Nigeria’s reforms aimed at enhancing transparency in the foreign exchange market.
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