Naira obtained N8.48 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, 520.74/$ 1 compared to N1, 529.22/$ 1 which is traded on Tuesday.

This represents n8.48 profits for local currencies against American Greenback.

In the black market, Naira lost N2 to the dollar to be traded in N1.547/$ 1, compared to the previous day level N1.545/$ 1.

Local currency, however, obtained an N5 against British pounds to trade at N2.155/£ 1 compared to the previous day level N2.160/£ 1.

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

N10 loss to Euro to be traded in ₦ 1,810/€ 1 compared to the previous day level ₦ 1,800/€ 1.

By: Babajide Okeowo