The naira held steady in the black market on Friday, closing the week at N1,525/$1, the same rate as the previous day.
While the naira maintained its position against the dollar in the parallel market, it weakened against other foreign currencies. Against the euro, it fell to N1,775/€1 from N1,770/€1, with the sell rate rising to N1,800/€1 from N1,795/€1.
Similarly, the naira slipped against the British pound to N2,115/£1 from N2,110/£1, while the sell price rose to N2,140/£1 from N2,135/£1.
In the official market, the naira recorded a slight improvement, closing at N1,532/$1 on Friday, up marginally from Thursday’s close of N1,533/$1.
Data from the Nigerian Foreign Exchange Market (NFEM) showed the naira fluctuated between N1,528/$1 and N1,535/$1 before settling at N1,532.34/$1 at the end of the trading session.
On a weekly basis, the naira appreciated by 0.13% from last Friday’s close of N1,530/$1, reflecting persistent pressure on the currency despite improvements against the dollar.
