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The Nigerian currency, the naira, declined further against the American dollar at the official window on Tuesday.
At the official window, the Central Bank of Nigeria (CBN) foreign exchange data showed that the naira closed at N1,355.37/$1, compared to N1,349.23/$1 on Monday.
This represents a loss of N6.14 for the local currency against the American dollar.
At the black market, the Nigerian currency lost N55 against the American dollar, trading at N1,420/$1, as against the previous rate of N1,365/$1.
Read also: NGX: Equities market snaps bullish streak as investors lost N1.1trn
The local currency lost N45 against the British Pound to trade at N1,950/£1 as against the previous day’s rate of N1,905/£1.
The naira closed flat against the Canadian dollar to trade at N1,000/CA$1, the same as the previous day’s rate of N1,000/CA$1.
The naira lost N20 against the euro, trading at ₦1,700/€1, compared with the previous day’s ₦1,680/€1.
By Babajide Okeowo
The post Naira slumps further, declines by N6.14 against dollar at official FX market appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.
