The Nigerian naira strengthened against the U.S. dollar in the parallel market on Friday, gaining N20 in a day to close at N1,610/$1, compared to N1,630/$1 on Thursday.
The naira also appreciated against the euro, which fell to N1,655/€1, reflecting a 0.91% gain. Similarly, the British pound dipped to N2,000/£1 from N2,010/£1, marking a 0.50% decline.
Meanwhile, the Central Bank of Nigeria (CBN) reported an official exchange rate of N1,493/$1 as of Thursday. On Friday, CBN data showed the naira trading at N1,507.40/$1 (buying) and N1,508.40/$1 (selling).
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