Naira weakens slightly against the dollar at official market
The Naira experienced a slight decline in value at the official foreign exchange market. According to data from the Central Bank of Nigeria, the local currency lost 82 kobo by the end of the week. The Naira started the week on a stronger note but gradually weakened over the following days. The changes reflect ongoing fluctuations in Nigeria’s currency market.
What we know
- The Naira closed at N1,380.93 to the dollar on Friday.
- The currency lost 82 kobo, marking a 0.05 percent decline from Thursday’s rate of N1,380.10.
- The Naira opened the week at N1,369.10 on Monday, June 22.
- It depreciated to N1,370.63 on Tuesday and further to N1,380.07 on Wednesday.
- Data was published on the Central Bank of Nigeria’s official website.
