The Naira closed the week on a high note in the parallel market, reaching N1,520/$1, making it the strongest performance for the currency throughout the week.
This rate is N14 stronger than the official rate posted by the Central Bank of Nigeria (CBN), which stood at N1,534/$1 as of market close on Thursday.
This development marks a continued appreciation trend in the unofficial market, where the naira climbed steadily from N1,550/$1 on Tuesday to N1,530/$1 on Wednesday, further improving to N1,535/$1 on Thursday, before settling at N1,520/$1 on Friday.
