This showed that, on a day-to-day basis, the naira dropped by N14.49 per dollar, from N1,552.53, its closing rate the previous day.
The naira extended its decline at the official market, closing at N1,567.02 per dollar on Friday, down by N14.49 from Thursday’s rate of N1,552.53.
The Central Bank of Nigeria’s data confirmed the drop, marking another week of depreciation for the local currency.
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