Naira appreciates slightly to end week on positive note

The naira appreciated consecutively against the dollar at the official foreign exchange market to close the week on a good note.

FMDQ Data showed that the naira gained slightly at N1600 per dollar on Friday from N1601.20 exchanged on Thursday.

Friday’s gain is the second time the naira has appreciated in the week under review.

However, the naira shed its value three times against the dollar this week.

In comparison with the exchange rate of N1600.78 per dollar last Friday, the country’s currency gained N0.78 at the close of the week under review.

Meanwhile, at the black market, the naira lost N15 to close at N1740 per dollar after starting the week with N1725.