On Friday, the naira fell against the US dollar in the official market, a day after the local currency gained slightly in the spot market segment.
The naira closed at N416.33 to the dollar at the close of business Friday, according to data published by FMDQ, where forex is officially traded.
This represents a N0.33 or 0.10 percent depreciation from the previous session on Thursday, when it traded at N416.00.
This is the weakest rate the naira has traded since the official market opened this week, after it closed at N416.32 per $1 on Monday.
The Nigerian naira hit an intraday high of N410.00 and a low of N444.00 before closing at N416.33 on Friday.
Forex supply fell by 16.31% to $119.64 million on Friday, compared to the $142.95 recorded in the previous session on Thursday.
However, there was no visible movement in the currency on the black market on Friday.
Currency exchanges in Uyo reported that the naira was worth N583.00 per dollar, the same rate as on Thursday.
Similarly, currency dealers in the Abuja market reported that the naira was exchanged at N585.00 and sold at N587.00 to the dollar on Friday, the same range it has been trading in since the start of trade this week.
