CHRISTMAS EVE: Mixed results for Naira at official window, black market

As Nigerians join the rest of the world to celebrate this year’s Christmas, it was a mixed result for the naira against the dollar on Tuesday, December 24, 2024.

While the naira slumped at the official window, it appreciated on the black market.

According to data from FMDQ, the naira depreciated to N1,540.4/$1 from the N1539.55/$1 it traded on Monday, December 23, 2024.

This represents a loss of N0.59 for the local currency.

READ ALSO: Naira recovers at official window, appreciates at black market

However, in the black market, the naira closed at N1,650/$1 as against the N1655/$1 recorded the previous day. This means a gain of N5 against the dollar.

Contrastingly, the naira lost N10 against the British Pound to trade at N2,150/£1 as against the previous day’s rate of N2,140\£1.

The naira continues to hold steady against the Canadian Dollar at N1,280/CA$1.

The naira gained N15 against the Euro to trade at ₦1,720/€1 as against the previous day’s rate of ₦1,735/€1.

By: Babajide Okeowo

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