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