The Naira weakened on Friday in the official market, closing at N1,602.18 per dollar. According to data from the Central Bank of Nigeria (CBN), the currency declined by N5.49, marking a 0.34% drop from the N1,596.69 rate recorded on Wednesday, April 30, prior to the Workers’ Day holiday on May 1. The Naira had shown relative stability earlier in the week, trading at N1,599.95, N1,599.71, and N1,596.69 from Monday to Wednesday, respectively. Despite this earlier steadiness, the local currency ended the week in the red, having also started the trading week with a slight 0.02% decline.