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The Nigerian currency, the naira, slumped further against the U.S. dollar at the official window on Monday.
At the official window, the Central Bank of Nigeria (CBN) foreign exchange data showed that the naira closed at N1,364.23/$1, compared to N1,358.43/$1 on Friday.
This represents a loss of N5.80 for the local currency against the American dollar.
At the black market, the Nigerian currency, the naira, gained N2 against the American dollar, trading at N1,398/$1, up from the previous day’s N1,400/$1.
Read also: NGX: Equities market halts bullish run as investors lose N1.3tr
The local currency gained N5 against the British Pound, trading at N1,875/£1, as against the previous day’s N1,880/£1.
The naira closed flat against the Canadian dollar to trade at N1,100/CA$1 the same as the previous day’s rate of N1,100/CA$1.
The naira lost N10 against the euro, trading at ₦1,620/€1, as against the previous day’s ₦1,630/€1.
By: Babajide Okeowo
The post Naira begins week with a loss, sheds N5.80 against dollar at official window appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.
