Naira Finally Appreciates Against Dollar

Naira closed the week on a positive note, gaining 4.52 kobo against the U.S. dollar at the official market.

According to the latest figures from the Central Bank of Nigeria, the Naira traded at N1,534.72 per dollar.

The figure represents a modest gain of 0.05 per cent, when it was valued at N1,534.79 to the dollar.

However, the Naira had experienced minimal losses earlier in the week, trading at N1,535.62 and N1,535.24.

The trading week began with a minor decline of 20 kobo on Monday.