The naira depreciated against the United States dollar at the official foreign exchange market on Friday.

Central Bank of Nigeria, CBN, data showed that the naira weakened to ₦1,332.26 per dollar on Friday, from ₦1,331.61 recorded on Thursday.

This means that, on a day-to-day basis, the naira depreciated by ₦0.65 against the dollar.

However, on a week-on-week basis, the naira gained ₦1.07 against the dollar at the official foreign exchange market.

The naira appreciated to ₦1,370 per dollar at the parallel market on Friday, after remaining stable at ₦1,375 per dollar since Monday.

The development comes as the country’s external reserves stood at $55.09 billion, according to CBN data.

The naira recorded mixed performance against the dollar during the week under review.