Naira spilled N0.14 against the dollar in the official window

Nigerian currency, Yoyo Naira’s movement against the US dollar continued on the official market on Thursday.

Data from the Nigerian central bank (CBN) foreign exchange shows that Naira declined to N1, 599.93/$ 1 compared to N1, 599.79/$ 1 the currency traded on Wednesday.

This is the loss of N0.14 for local currencies.

In the black market, Naira closes flatly at N1.620/$ 1.

Also read: Naira gets N5.53 for trading N1.598/$ 1 in an official window

Naira lost the N20 to the British pound to trade at N2.140/£ 1 compared to the previous day level N2.120/£ 1.

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

Naira also closed the flat against the euro to be traded in ₦ 1,810/€ 1.

By: Babajide Okeowo

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