Naira recovers to trade N1, 509/$1 at official window

The naira recovered from its recent slump against the United States dollar on Friday to close the week on a positive note.

Data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed that the domestic currency gained N11 to trade N1, 509/$1 at the official window.

The figure was lower than N1,520/$1 the naira traded on Thursday.

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