The Naira gave up N127 to trade N1669/$1 at the official window

The naira lost N127 against the dollar at the official window on Wednesday.

Data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed that the local currency traded at N1669.15/$1, higher than the N1,541.94/$1 traded at the official window on Monday.

The naira, however, gained N10 against the dollar on the parallel section of the forex market to trade N1,690/$1 compared to N1,700/$1 previously.

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The Naira gained N20 against the British Pound to trade N2,260/£1 compared to N2,280\£1 posted on Monday.

The Canadian dollar is still trading at N1,280| CA$1 is equal to N1,280| previously CA$1.

The Naira rose N20 flat against the Euro and traded ₦1,860/€1 compared to previous day’s ₦1,880/€1.

By: Babajide Okeowo

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