The naira closed the week slightly weaker on Friday, recording a loss of 2.60 naira against the US dollar in the official foreign exchange market.
It settled at N1,450.42, according to figures published on the official website of the Central Bank of Nigeria, reflecting a slight but persistent downward trend.
The latest closing rate represents a 0.17 percent depreciation compared to Thursday’s level of N1,447.82, which in turn showed limited pressure on market stability.
On Wednesday, the naira was trading at N1,447.64, down 0.1 percent, as demand for dollars continued to outstrip available supply.
The currency had previously traded at N1,445.39 on Tuesday, representing a loss of 0.2 percent compared to Monday’s exchange rate of N1,448.43 to the dollar.
The week’s moves highlight the current fragility in the official window, where modest fluctuations have become increasingly common in recent months.