The Nigerian naira weakened slightly on Friday, closing at ₦1,602.18 per dollar at the official foreign exchange window, according to data published by the Central Bank of Nigeria (CBN).
The currency lost ₦5.49 in value compared to its rate of ₦1,596.69 recorded on Wednesday, April 30, before the Workers’ Day public holiday on May 1. This represents a depreciation of about 0.34%.
Throughout the early part of the week—Monday to Wednesday—the naira showed minimal movement, trading at ₦1,599.95, ₦1,599.71, and ₦1,596.69, respectively.
Despite a stable performance mid-week, the naira ended the week with a decline, having also started on a slightly negative note with a 0.02% dip.
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