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The Naira gained N42.88 against the dollar at the foreign exchange on a week-on-week basis amid the Central Bank’s commencement of the Retail Dutch Auction System. This is according to FMDQ data in the last seven days. Last week Friday, August 2, 2024, the Naira exchanged at N1617.08 against the dollar but crashed to N1,574.20 this Friday at the official market. Meanwhile, the Naira remained flat in the week under review at the black market. Last week Friday, the Naira exchanged between N1600 and N1605 per dollar; the same rate was recorded this Friday. The gains recorded in Naira are not unco…

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