DAILY POST
The naira weakened against the dollar on Friday at the foreign exchange market, closing the week on a negative note.
Data from the Central Bank of Nigeria’s FX rate showed that the naira fell to N1,540.00 per dollar on Friday, compared to N1,532.00 on Thursday. This represents a slight depreciation of N8 against the dollar at the official market.
Similarly, the naira closed at N1,660.00 per dollar on Friday in the black market, up from N1,640.00 recorded on Thursday.
On a week-on-week basis, the naira recorded losses in both FX markets. DAILY POST recalls that the naira closed at N1,535.00 and N1,600.00 per dollar at the official and parallel FX markets…
