The naira bounced back to appreciate against the dollar across official and parallel foreign exchange markets to end the week on a good note after days of depreciation.
This comes as Nigeria’s presidency said naira harmonisation has been achieved under President Bola Ahmed Tinubu’s government.
Central Bank of Nigeria exchange rate data showed that the naira strengthened slightly to N1,532.34 on Friday from N1,533.11 traded on Thursday.
This showed that the naira at the official market recorded a marginal gain of N0.77 to the dollar on a day-to-day basis.
Similarly, at the black market, the naira firmed up to N1,535 per dollar on Friday.
The uptrend comes after two days of consecutive depreciation of the naira at the official market, but the currency had remained stable at the parallel market.
Media Talk Africa reports that the gap between the official and black markets has closed at the currency market.
Reacting, a presidential spokesperson, Bayo Onanuga, said the Naira harmonisation has been achieved under the renewed hope agenda of President Bola Ahmed Tinubu’s administration.
“Harmonisation of exchange rate achieved. Renewed Hope Agenda is not just a slogan. It is real,” he wrote on X.
