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ARTICLE AD BOX
The naira depreciated against the dollar astatine the authoritative overseas speech marketplace connected Friday to extremity the week connected a antagonistic note.
Data from the Central Bank of Nigeria showed that the naira weakened to N1,361.39 against the dollar connected Friday, down from N1,355.85 exchanged connected Thursday.
This means that, connected a day-to-day basis, the naira dipped by N5.54 against the dollar.
Meanwhile, astatine the achromatic market, the naira remained level astatine N1,393 per dollar connected Friday, the aforesaid complaint traded connected Thursday.
In the week nether review, the naira recorded mixed sentiments crossed the authoritative and achromatic markets.
The improvement comes arsenic Nigeria’s overseas reserves stood astatine $48.33 cardinal arsenic of May 7, 2026. DAILY POST reports that the country’s outer reserves person continued their declining streak successful caller weeks.
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