Naira gains N13.3 against dollar at official window

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

The Central Bank of Nigeria (CBN) foreign exchange data showed that the naira closed at N1,484.13/$1, as against N1,497.46/$1 it traded on Monday.

This represents an appreciation of N13.33 for the local currency against the American greenback.

The naira closed flat against the dollar to trade at N1,535/$1.

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The local currency gained N5 against the British Pound to trade at N2,105/£1 as against the previous day’s rate of N2,110/£1.

It, however, closed flat against the Canadian dollar to trade at N1,230/CA$1.

The naira also closed flat against the Euro to trade at ₦1,790/€1.

Babajide Okeowo

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