Naira loses N6.04 against dollar at official window

The Nigerian currency, the naira, depreciated 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 N1,349.67/$1, compared to N1,343.63/$1 on Wednesday.

This represents a loss of N6.04 for the local currency against the American dollar.

At the black market, the Nigerian currency, the naira, lost N5 against the American dollar, trading at N1,405/$1, down from the previous day’s N1,400/$1.

The local currency lost N10 against the British Pound, trading at N1,880/£1, as against the previous day’s N1,870/£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 N20 against the euro, trading at ₦1,620/€1, as against the previous day’s ₦1,600/€1.

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