Naira gains N2.07 against dollar at official FX market

The Nigerian currency, the naira, extended its gain against the American dollar at the official window on Wednesday.

At the official window, the Central Bank of Nigeria (CBN) foreign exchange data showed that the naira closed at N1,348.95/$1, compared to N1,351.02/$1it traded on Tuesday.

This represents a gain of N2.07 for the local currency against the dollar.

At the black market, the naira gained N2 against the dollar, trading at N1,445/$1, as against the previous rate of N1,447/$1.

The local currency, however, lost N5 against the British Pound to trade at N2,000/£1 as against the previous day’s rate of N1,995/£1.

READ ALSO:Naira gains N3.23 against dollar at official FX market

The naira closed flat against the Canadian dollar and Euro to trade at N1,130/CA$1 and ₦1,700/€1, respectively.

Babajide Okeowo

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