The Nigerian Naira on Friday extended its gains against the US dollar at the official foreign exchange market.
Data from FMDQ showed that the Naira appreciated N869.13 per US dollar at the close of business on Friday.
This represents an N26.1 gain or a 3 per cent increase in the local currency compared to the N895.23 closed on Thursday.
Meanwhile, on Friday’s parallel market, the Naira dropped by 1.99 per cent to N1,255 per US Dollar compared to N1,230 per US dollar.
DAILY GIST recalls that the Nigerian federal government received a $2.25 billion foreign exchange support loan from the African Import-Export Bank barely a week ago.
