The naira appreciated significantly at the official foreign exchange market to end the week in a much better position.
FMDQ data showed that the naira strengthened to N1,531.20 against the dollar at close of trading on Friday, January 24 from N1,548.59 on Thursday, a gain of N17.39 while on the black market, the naira closed at N1,660 per dollar on Friday from N1,650, exchanged on Thursday.
This week, the naira recorded more gains than losses.
During the week, the Governor of the Central Bank of Nigeria, Olayemi Cardoso, said that the country’s economy is expected to grow in 2025 as the government’s reforms in the financial sector come to fruition.
