The naira recorded its highest appreciation against the
dollar in both the parallel and official foreign exchange markets, ending the
week on a positive note.
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 means that on the black market, the naira gained N15
against the dollar on a day-to-day basis.
Similarly, 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 FX markets.
On Tuesday, the naira started the week after the Easter
break at N1,610 and N1,602.63 per dollar at both black and official markets.
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