Naira loses N43, trades at N1,586/$1 on official window

The naira fell against the US dollar on Thursday.

Data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed the local currency weakened by N43 to trade at N1,586/$1, up from N1,543/$1 it was trading at on Wednesday.

The intraday high and low prices recorded during the day were N1,603/$1 and N1,500/$1 respectively, indicating a slim spread of N103\$1.

ALSO READ: Naira drops N13, trades at N1,592/$1 on official window

The naira also depreciated against the dollar in the parallel forex market to trade at N1,615/$1 compared to N1,610/$1 previously.

The Naira also lost N10 against the British Pound to trade at N2,100\£1 from N2,090\£1 previously.

The Canadian dollar continued to close flat against the naira and traded at N1.200 | CA$1.

The Naira also lost N15 against the Euro to trade at ₦1,760/€1 compared to ₦1,745/€1 previously.

By: Babajide Okeowo

Naira loses N43, trades N1,586/$1 on official window first appeared on Latest Nigeria News | Top Stories from Ripples Nigeria.