Naira gains N5.27 against dollar at official market

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The Nigerian currency, the naira, appreciated further against the United States dollar at the official window on Friday.

At the official window, the Central Bank of Nigeria (CBN) foreign exchange data showed that the naira closed at N1,366.23/$1, compared to N1,371.50/$1 on Thursday.

This represents a gain of N5.27 for the local currency against the dollar.

At the black market, the naira gained N30 against the dollar, trading at N1,410/$1, as against N1,440/$1 the previous day.

READ ALSO: Naira gains N25.21 against dollar at official FX market

The local currency closed flat against the British Pound and Canadian dollar, trading at N1,900/£1 and N1,000/CA$1, respectively.

The naira lost N5 against the euro, trading at ₦1,645/€1, as against the previous day’s ₦1,640/€1.

 

Babajide Okeowo

The post Naira gains N5.27 against dollar at official market appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.

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