On Friday, the naira weakened to N1,630 per dollar in the parallel market, down from N1,625 on Thursday.
Throughout the week, the currency showed a fluctuating trend, having started with a decline to N1,610 per dollar.
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Compared to the previous weekend’s closing rate of N1,606, the naira has depreciated by 1.49 per cent.
Black market traders attribute the continued drop in value to a persistent rise in dollar demand coupled with limited supply.
