The Nigerian currency showed slight gains in the unofficial market but lost some value in the official market.
The Nigerian Naira appreciated to N1,470/$ in the parallel market on Friday, up from N1,475/$ on Thursday, but in the Nigerian Foreign Exchange Market (NFEM), it depreciated to N1,445.9/$.
Data from the Central Bank of Nigeria (CBN) indicated that the Naira’s exchange rate depreciated to N1,445.9/$ from N1,442/$ on Wednesday, reflecting a N3.9/$ depreciation.
