The naira saw its strongest appreciation against the dollar in both the parallel and official foreign exchange markets, concluding the week positively. According to Bureau de Change operator Abubakar Alhasan, the naira closed at N1,595 per dollar in Abuja news, improving from N1,610 on Thursday. This marks a N15 gain on the parallel market.
Similarly, the Central Bank of Nigeria reported an appreciation in the naira’s value, strengthening to N1,599.54 per dollar from N1,601.82. This signals a N2.28 daily gain in official trading, showcasing increasing confidence in Nigeria’s economy. For more details, see the full report at DAILY POST.
Key Takeaways:
- Naira appreciated by N15 in the parallel market and N2.28 in the official market.
- The end-of-week gains reflect growing confidence in the Nigerian economy.
- Consistent improvements signal a strengthening currency trend in Nigeria news.
How do you think this shift in the naira’s value will impact everyday life in Lagos? Share your thoughts or comment below!
