Naira shed N1.02 against the dollar in the official window

The Nigerian currency, Naira, depreciated the US dollar on the official market on Tuesday.

Nigerian central bank data (CBN) shows that Naira declined to N1, 606.64/$ 1 compared to N1, 605.62/$ 1 which was traded on Monday.

This is the loss of N1.02 for local currencies.

In the black market, Naira lost N5 to the dollar to be traded in N1.615/$ 1 compared to the previous day level N1, 610/$ 1.

Also read: Naira Sheds N5.50 Against Dollars in the Official Window

Naira lost N35 to the British pound to trade at N2.165/£ 1 compared to the previous N2.130/£ 1.

Canadian dollars still survive stable at N1.150/Ca $ 1.

Naira closed the flat against the euro to be traded in ₦ 1,800/€ 1.

By: Babajide Okeowo

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