The figure represented a decrease of 0.29 per cent, compared with N429.43 it exchanged for the dollar on Monday.
The negative performance was majorly driven by selloffs in banking stocks.
An exchange rate of N444 to the dollar was the highest rate recorded within the day’s trading before it settled at N429.38.
The figure represented a decrease of 0.16 per cent compared with the N430 it exchanged for the dollar on Monday.
The All-Share Index advanced by 80.03 points or 0.16 per cent to close at 49,709.46 against 47,629.43 achieved on Tuesday.
“If Nigeria had spent five per cent of the money borrowed so far on entrepreneurs and power generation, the country would compete with advanced countries,” reasoned Mr Obi.
“eNaira was introduced by CBN in 2021 as a digital currency, and a lot of people have asked the question, what is actually the usefulness of this eNaira?”
A total of 46.31 million was traded in foreign exchange at the official investors and exporters window on Friday.
The UN Conference on Trade and Development (UNCTAD) has called for action to curb cryptocurrencies in Nigeria and other developing nations.
Mr Obi urged the federal government to cease borrowing for consumption and instead take on loans to engage in regenerative development projects.
