NEWS

Naira returns to depreciation against dollar 

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The Naira ended the week on a negative note. 

This is as it continued its depreciation against the dollar at the official foreign exchange. 

Data from the Central Bank of Nigeria showed that the Naira weakened to N1,539.24 against the dollar on Friday from N1,536.08 traded on Thursday. 

This means that it dropped by N3.12 against the dollar on a day-to-day basis. 

At the black market, the naira appreciated to N1,570 per dollar from N1,580 exchanged on Thursday. 

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