Data from the Central Bank of Nigeria, CBN, confirmed that the naira weakened considerably to N1,361.84 per greenback on Friday, from N1,344.40 recorded on Thursday.
This signifies that, on a day-to-day foundation, the naira depreciated by N17.44 against the greenback.
Similarly, on the parallel market, the naira weakened to N1,385 per greenback on Friday, from N1,377 recorded the day gone by.
In abstract, on the shut of buying and selling on Friday, the naira depreciated throughout each the official and parallel international exchange markets.
The improvement got here regardless of the continued rise within the nation’s international reserves, which stood at $55.16 billion on Thursday, in response to CBN knowledge.
DAILY POST stories that the naira recorded more depreciation than appreciation against the greenback throughout each international exchange markets through the week beneath evaluate.
