The Naira exhibited a mild rebound against the U.S. dollar toward the end of the trading week, closing at N1,534.72 on Friday. According to the latest update from the Central Bank of Nigeria, this figure marks a subtle gain of approximately 4.52 kobo compared to Thursday’s rate.
The currency’s performance earlier in the week included minor losses, registering at N1,535.62 on Wednesday and N1,535.24 on Tuesday. The week itself had started on a slightly weaker note, with the Naira declining by 20 kobo on Monday.
Observers note that this pattern of small fluctuations reflects ongoing adjustments in Nigeria’s foreign exchange market, shaped by demand-supply dynamics and monetary policy influences.
As the week concludes, the focus remains on whether this slight upward trend can be sustained against global and domestic economic pressures.