Naira spilled N0.51 against the dollar in the official window

Nigeria’s currency, Naira, slumped further against the US dollar in an official window on Tuesday.

Nigerian central bank data (CBN) shows that Naira is closed on N1, 549.03/$ 1 compared to N1.548.52/$ 1 which is traded on Monday.

This is the loss of N0.51 for local currencies against American Greenback.

In the black market, Naira obtained N5 against dollars to trade at N1.595/$ 1, compared to the previous day level N1,600/$ 1.

Also read: Naira closes flatly with dollars in an official window, black market

Local currency, however, loss of N20 to British pounds to be traded on N2.180/£ 1 compared to the previous day level N2.160/£ 1.

Naira closes flatly against Canadian dollars to be traded in N1.200/Ca $ 1.

It also closes flatly against the euro to be traded in ₦ 1,800/€ 1.

By: Babajiide Okeowo