Naira spilled N1.96 against the dollar in the official window

The Nigerian currency, Naira, was further depreciated by the US dollar on the official market on Wednesday.

Nigerian central bank data (CBN) shows that Naira declined to N1, 608.60/$ 1 compared to N1.606.64/$ 1 which was traded on Tuesday.

This is the loss of N1.96 for local currencies.

In the black market, Naira lost N15 to the dollar to be traded in N1.630/$ 1 compared to the previous day level N1, 615/$ 1.

Naira closes flatly against the British pound to trade at N2.165/£ 1.

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

Naira lost N20 to Euro to trade in ₦ 1,820/€ 1 compared to ₦ 1,800/€ 1.

By: Babajide Okeowo

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