The Naira currency finished the week stronger against the US Dollar at the Investors and Exporters segment of the foreign exchange market on Friday.
At the trading session, the domestic currency appreciated by 17 kobo or 0.04 per cent to sell at N411.5/$1 compared to N411.67/$1 it was transacted on Thursday.
The local currency was strengthened over the weekend by sufficient supply of FX to traders at the market window to meet the rise in the demand for foreign currencies witnessed at the market lately.
At the black market, the Nigerian currency retained its previous exchange rate against the Dollar at N530/$1 and lost N2 against the Pound Sterling to trade at N722/£1 in contrast to N720/£1 it traded at the previous session.
The local currency also depreciated by N2 against the Euro at the unregulated segment of the forex market on Friday, closing at N622/€1 compared with N620/€1 it finished at the preceding session.
At the interbank window of the forex market, the Nigerian Naira further lost 3 kobo or 0.01 per cent against the greenback to quote at N410.40/$1 as against the previous day’s N410.37.