Naira sheds N4.84 against dollar at official window

The Nigerian currency, the naira, slumped against the American dollar at the official window on Wednesday.

The Central Bank of Nigeria (CBN) foreign exchange data showed that the naira closed at N1,438.49/$1, as against the N1,433.65/$1 it traded on Tuesday.                                                                                   This represents a loss of N4.84 for the local currency against the American greenback.

The naira lost N10 against the dollar to trade at N1,460/$1, as against the previous day’s rate of N1,450/$1.

READ ALSO:Naira recovers, gains N2.69 against dollar at official window

The local currency gained N20 against the British Pound to trade at N1,930/£1 as against the previous day’s rate of N1,950/£1.

It, however, closed flat against the Canadian dollar to trade at N1,100/CA$1.

The naira lost N10 against the Euro to trade at ₦1,680/€1 as against the previous day’s rate of ₦1,670/€1.

Babajide Okeowo

The post Naira sheds N4.84 against dollar at official window appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.