Naira gains N0.40 against dollar at official window

The Nigerian currency, the naira, appreciated against the American dollar at the official market on Tuesday.

The Central Bank of Nigeria (CBN) Foreign exchange data showed that the naira appreciated to N1, 600.03/$1 as against N1, 600.43/$1 it traded on Monday.

This represents a gain of N0.40 for the local currency.

On the black market, the naira closed flat against the dollar to trade at N1,635/$1.

The naira also lost N10 against the British Pound to trade at N2,180/£1 as against the previous day’s rate of N2,170/£1.

READ ALSO: Naira gains 5.72 against dollar at official window

The Canadian Dollar still held steady at N1,150/CA$1.

The naira lost N5 against the Euro to trade at ₦1,835/€1 as against the previous day’s ₦1,830/€1.

By: Babajide Okeowo

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