Naira shed N2.69 against the dollar in the official window

Nigerian currency, Naira, declined again against the US dollar in an official window on Tuesday.

Nigerian central bank data (CBN) shows that Naira is closed on N1, 535.23/$ 1 compared to N1, 532.54/$ 1 which is traded on Monday,

This is the loss of N2.69 for local currencies against American Greenback.

In the black market, Naira obtained N4 against the dollar to trade at N1.528/$ 1, compared to the previous day level N1.532/$ 1.

Also read: Naira gets N0.77 against dollars in the official window

Local currencies also obtained N5 against British pounds to trade at N2.130/£ 1 compared to the previous day level N2.135/£ 1.

However, it was closed flat against the Canadian dollar to be traded in N1.200/Ca $ 1.

Naira obtained N20 against Euro to trade in ₦ 1,775/€ 1 compared to the previous day level ₦ 1,795/€ 1.

By: Babajide Okeowo