Naira records 77 kobo gain against dollar at official market
The naira closed the trading week bullish on Friday, trading at N1,532.34 to the U.S. dollar at the official market.
According to data released on the Central Bank of Nigeria’s official website, naira gained 77 kobo against the dollar.
This represents a 0.05 per cent gain compared to the trading figure of N1,533.11 per dollar recorded at the close of trading on Thursday.
The local currency which recorded steady appreciation the previous week, also opened the new trading week on Monday, July 14, 2025, with an N11.37 gain against the dollar.
However, Nigeria went into national mourning following the death of former President Muhammadu Buhari on Sunday, July 13, 2025, at a hospital in London at the age of 82.
President Bola Tinubu declared seven days of national mourning and a public holiday on Tuesday in honour of the late former President.
Mr Buhari was laid to rest on Tuesday in his hometown, Daura, Katsina State.
After resumption from the public holiday on Wednesday, the naira slumped, recording a loss of N11.36.
On Thursday the local currency further slumped losing N2.85 before making a slight recovery of 77 kobo on Friday.
(NAN)
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