The naira weakened on Friday, closing at ₦1,602.18 per dollar at the official market, according to data from the Central Bank of Nigeria (CBN).
This marks a ₦5.49 or 0.34% decline compared to the ₦1,596.69 rate recorded on Wednesday, April 30, before the Workers’ Day holiday.
The local currency had shown relative stability earlier in the week, trading at ₦1,599.95 on Monday, ₦1,599.71 on Tuesday, and ₦1,596.69 on Wednesday.
Despite a steady start, the naira ended the week on a negative note, after also opening the week with a slight 0.02% dip.
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