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The Nigerian Naira closed the week on a slightly weaker note, falling by 19 kobo against the U.S. dollar at the official market.

According to data published by the Central Bank of Nigeria (CBN) on Friday, the naira ended trading at ₦1,533.74/$1, compared to ₦1,533.55/$1 on Thursday.

Earlier in the week, on Wednesday, the currency had dipped slightly to ₦1,534.52, a small drop from ₦1,533.18 recorded on Tuesday.

However, the Naira had started the week with a marginal gain, opening on Monday at ₦1,534.20/$1.

Despite the slight depreciation, market watchers say fluctuations remain within a relatively narrow band, suggesting a period of cautious stability for the Naira.

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