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The Nigerian Naira depreciated crossed authoritative overseas and parallel overseas speech markets on Friday to end the week on a antagonistic note.
The Central Bank of Nigeria’s information showed that the Naira weakened on Friday to N1,370.19, down from N1,370.15 traded on Thursday.
This means that successful the authoritative overseas speech market, the naira declined somewhat by N0.04 against the dollar.
Similarly, astatine the achromatic market, the Naira fell by N10 to N1,405 per dollar on Friday, down from N1,935 exchanged the erstwhile day.
The downward inclination of Nigerian currency on Friday across overseas speech markets comes contempt the country’s sustained surge successful outer reserves to $51.46 cardinal connected June 30th, 2026.
DAILY POST reports that the Naira recorded much gains than losses astatine the authoritative overseas exchange, gaining N10.74 per dollar erstwhile compared to N1,380.93 per dollar traded last Friday.
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