Naira obtained N2.27 against dollars in the official window

Nigerian currency, Naira, appreciated the US dollar in an official window on Wednesday.

Nigerian central bank data (CBN) shows that Naira is closed on N1, 534.82/$ 1 compared to N1, 537.09/$ 1 which is traded on Tuesday.

This is the loss of N2.27 for local currencies against American Greenback.

In the black market, Naira lost N5 to the dollar to be traded in N1.560/$ 1, compared to the previous day level N1.555/$ 1.

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However, it gained N5 against British pounds to trade at N2.105/£ 1 compared to the previous day level N2.100/£ 1.

Local currencies continue to close flatly against Canadian dollars to trade at N1.200/Ca $ 1.

Naira lost N5 to Euro to trade in ₦ 1,795/€ 1 compared to the previous day level ₦ 1,790/€ 1.

By: Babajide Okeowo