The Pound Sterling and the Euro, however, closed at N482 and N419, respectively.
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At the parallel market, the naira traded at N360 to a dollar, stronger than the N360.6 exchanged before the Sallah break, while the Pound Sterling and the Euro traded at N489 and N423, respectively.
This followed the Bank’s intervention in the Foreign Exchange market on Thursday.
Friday’s sale of foreign exchange by the CBN came closely on the heels of its intervention in the wholesale segment of the market on Wednesday when it pumped $210 million in the inter-bank forex market.
The Nigerian currency traded at N360, stronger than N362.3 posted on Monday, while the Pound Sterling and the Euro closed N497 and N428.
The Nigerian currency lost 1.1 points to exchange at N362.3, weaker than N361.2 posted on Friday, while the Pound Sterling and the Euro closed at N497 and N429, respectively.
The Naira also closed against the euro at N481 at same market in Lagos.
The Nigerian currency had exchanged at N520 to the dollar at the peak of onslaughts by currency speculators before the CBN stated intervening by injecting foreign exchange in the market
In commodity markets, gold softened 0.7 per cent to 1,337.81 dollars an ounce and away from a one-year peak of 1,357.54 dollars.
At Monday’s Forex trading, the CBN offered the sum of $100,000,000 as wholesale interventions and allocated the sum of $50,000,000 to the Small and Medium Enterprises forex window.
Alhaji Aminu Gwadabe, the President, Association of Bureau De Change Operators of Nigeria, said that the outlook of the Naira remained positive
The fresh injection was done on Monday
Alhaji Aminu Gwadabe, the President of Association of Bureau de Change Operators of Nigeria, said that he expected the naira to continue to appreciate in the coming weeks
The Naira had maintained the same rate on Tuesday
Currency traders said the liquidity boost at the FOREX market had forced the naira to appreciate
Currency traders in Lagos said the offer of $20,000 to each of the BDCs on Wednesday helped to stabilise the naira
Currency traders said in spite of the marginal loss of the Naira, the nations’ currency had remained stable
Speaking on the development, the Acting Director of Corporate Communications at the CBN, Isaac Okorafor, said the inability of authorized dealers to pick up the whole amount offered was a pointer to the fact that there was enough foreign exchange to meet legitimate forex demands within the system
The Nigerian currency lost two points to close at N390 to the dollar, while the Pound Sterling and the Euro traded at N495 and N415 respectively
Traders commended the Central Bank of Nigeria for sustaining liquidity at the foreign exchange market as market volatility was not in the interest of the economy