Naira sheds N5.54 against dollar at official window

The Nigerian currency, the naira, slumped again 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 N1,361.39/$1, compared to N1,355.85/$1 on Thursday.

This represents a loss of N5.54 for the local currency against the dollar.

At the black market, the naira lost N2 against the dollar, trading at N1,400/$1, as against the previous day’s N1,398/$1.

The local currency gained N5 against the British Pound, trading at N1,875/£1, as against the previous day’s N1,880/£1.

READ ALSO:Naira slumps against dollar at official window, sheds N1.31

The naira closed flat against the Canadian dollar to trade at N1,100/CA1.

The naira gained N5 against the euro, trading at ₦1,615/€1, down from the previous day’s ₦1,620/€1.

Babajide Okeowo

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