The Naira gained value against the dollar by the close of trading on Friday night, March 14, ending its depreciation streak at the official foreign exchange market for the week. The Naira strengthened to N1,550.36 per dollar, up from N1,554.85 on Thursday, marking a N4.9 improvement in a day.
At the black market, the Naira remained unchanged at N1,590 on Friday, the same rate as Thursday. Compared to last Friday, when the Naira was at N1,517.24 per dollar, it has weakened by N33.12, ending at N1,550.36 at the official market. Similarly, the Naira fell by N10 at the black market week-on-week, compared to the N1,580 rate it closed at last Friday.