Naira sheds N0.19 against dollar at official window

The Nigerian currency, the naira, depreciated against the American dollar at the official window on Friday.

The Central Bank of Nigeria (CBN) foreign exchange data showed that the naira closed at N1, 533.74/$1 as against the N1, 533.55/$1 it traded on Thursday.

This represents a loss of N0.19 for the local currency against the American greenback.

On the black market, the naira closed flat against the dollar to trade at N1,565/$1.

READ ALSO; Ondo abducted farmers regain freedom after 5 days in captivity

The naira lost N5 against the British Pound to trade at N2,120/£1 as against the previous day’s rate of N2,115/£1.

The naira also closed flat against the Canadian dollar to trade at N1,200/CA$1.

The local currency gained N5 against the Euro to trade at ₦1,795/€1 as against the previous day’s rate of ₦1,800/€1.

Source: RipplesNigeria | Continue to Full Story…