At the close of trading for the week, the Naira made a significant recovery in the official market, while the black market remained unchanged.
On Friday, the local currency was valued at N1,517.93 per dollar on the Nigerian Foreign Exchange Market (NFEM), according to data from the Central Bank of Nigeria (CBN).
This marks a gain of N30 compared to its previous close of N1,547.82 per dollar on Thursday, 13th March 2025. Notably, this is the first time the Naira has ended the week on a positive note in the last seven days.
In the parallel market, however, the value of the Naira didn’t see any change, with traders in Abuja and Lagos buying at N1,590 per dollar, the same rate it held on Thursday.
