The Naira has ended the week with mixed performances, ending the week strong in the parallel market and depreciating in the official market on Friday.
This is at variance with the currency’s performance last week, where both markets showed a week-long appreciation stretch.
According to data published on the CBN website on Friday, the naira closed at N1,554/$1, which is a depreciation from Wednesday’s closing rate of N1,545/$1, which was also a depreciation from N1,540/$1 on Tuesday, effectively concluding a week-long depreciation rally.
