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The Nigerian currency, the naira, recovered against the American 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 N1,347.77/$1, compared to N1,355.41/$1it traded on Friday.
This represents a gain of N7.64 for the local currency against the American dollar.
At the black market, the Nigerian currency gained N50 against the American dollar, trading at N1,385/$1, the same as the previous rate of N1,435/$1.
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The local currency gained N35 against the British Pound to trade at N1,950/£1 as against the previous day’s rate of N1,985/£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 gained N30 against the Euro to trade at ₦1,660/€1, as against the previous day’s rate of ₦1,690/€1.
The post Naira recovers, posts N7.64 gain against dollar at official FX market appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.
