The Naira ended the week slightly lower on Friday, slipping by N2.60 against the United States dollar at the official foreign exchange window.
Data published on the Central Bank of Nigeria’s website showed the currency closed at N1,450.42 per dollar, reflecting a mild depreciation and continuing the gradual softening witnessed throughout the week.
Friday’s close represents a 0.17 per cent drop from Thursday’s rate of N1,447.82, which had already signalled moderate pressure on market stability.
The local currency also maintained a downward trend on Wednesday, exchanging at N1,447.64, following persistent demand for the dollar that outpaced available supply.
Earlier in the week, the Naira traded at N1,445.39 on Tuesday, marking a 0.2 per cent loss from Monday’s opening level of N1,448.43.
Analysts note that the week’s movement underscores ongoing fragility within the official market, where minor fluctuations have become more frequent amid supply constraints and steady dollar demand.
The News Agency of Nigeria reports that the pattern reflects broader market sentiments, with investors watching for policy adjustments capable of stabilising the currency in the coming weeks.
