Naira depreciated by N7.01 to the dollar in the official window

The Nigerian currency, Naira, continued her stagnation in the US dollar on the official market on Wednesday.

Nigerian central bank data (CBN) shows that Naira is traded N1, 590.74/$ 1 compared to N1, 583.73/$ 1 for Tuesday.

This is the loss of N7.01 for local currencies.

In the black market, Naira lost N5 to the dollar to be traded in N1.625/$ 1 compared to the previous day level N1, 620/$ 1.

Naira lost N5 to the British pound to trade at N2.170/£ 1 compared to the previous N2.165/£ 1.

Naira continues to survive with Canadian dollars to trade at N1.200/Ca $ 1.

Naira closed the flat against the euro to be traded in ₦ 1,810/€ 1.

By: Babajide Okeowo

Join the conversation

Opinion

Supports Nigeria’s ripples, resistant Journalism Solutions

A balanced and fearful journalism that is driven by data comes with enormous financial costs.

As a media platform, we ask for leadership accountability and will not trade the right to suppress freedom and freedom of speech for a piece of cake.

If you like what we do, and ready to uphold journalism solutions, friendly Nigerian ripples cause.

Your support will help ensure that residents and institutions continue to have free access to credible and reliable information for community development.

Donation now