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The naira depreciated against the dollar at both the official and parallel foreign exchange markets, ending the week on a negative note.
FMDQ data showed that the naira weakened slightly to N1,541.68 per dollar on Friday, down from N1,541.38 exchanged on Thursday, losing N0.3.
Read Also: ‘Nigerians Are Still Abusing The Nigerian Naira’ – Joe Igbokwe
At the parallel market, the naira closed at N1,775 per dollar on Friday, up from N1,768 exchanged on Thursday.
The Eastern Updates reports that, during the week under review, the naira appreciated more than it depreciated.
President Bola Ahmed Tinubu on Wednesday set N1,500 per dollar benchmark for foreign exchange in 2025.
In other newsa chieftain of the All Progressives Congress, APC, Joe Igbokwe, on Sunday informed the relevant authorities that Nigerians are still mutilating the naira notes.
Igbokwe said Nigerians are still throwing naira notes on the ground and still working on it at parties, burial, and naming ceremonies.
Posting on his Facebook page, Igbokwe wondered if the ban on naira abuse has been lifted.
He wrote: “Let me remind the Authorities concerned that Nigerians are still throwing Naira notes on ground and still walking on it at parties, burial, naming ceremonies etc. Have we lifted the ban? So that you know.”
As part of efforts to disabuse naira mutilation, some Nigerian celebrities were made to face the wrath of the law.
Popular crossdresser, Idris Okuneye aka Bobrisky was handed a six months jail term.
Also, a socialite, Pascal Okechukwu, also known as Cubana Chief Priest, was arraigned for naira abuse.
He pleaded not guilty and was granted bail.
