Naira sheds N9.49 against dollar at official market

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

At the official window, the Central Bank of Nigeria (CBN) foreign exchange data showed that the naira closed at N1,353.90/$1, compared to N1,344.41/$1 on Tuesday.

This represents a loss of N9.49 for the local currency against the dollar.

At the black market, the naira gained N15 against the dollar, trading at N1,405/$1, as against N1,420/$1 the previous day.

The local currency gained N10 against the British Pound, trading at N1,900/£1, as against the previous day’s N1,910/£1.

READ ALSO: Naira gains N13.35 against dollar at official market

The naira closed flat against the Canadian dollar to trade at N1,000/CA$1.

It gained N10 against the euro, trading at ₦1,625/€1, as against the previous day’s ₦1,635/€1.

Babajide Okeowo

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