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Nigeria’s currency, the naira, strengthened slightly against the United States dollar at the official window on Tuesday.
Officially, Central Bank of Nigeria (CBN) foreign exchange data shows that the naira closed at N1,373.34/$1, compared with N1,373.87/$1 on Tuesday.
This represents a loss of N0.53 in the local currency against the dollar.
On the black market, the naira lost N2 against the dollar, trading at N1,397/$1, compared with N1,395/$1 the previous day.
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The local currency lost N5 against the British Pound, trading at N1,895/£1, compared with N1,885/£1 the previous day.
The naira closed flat against the Canadian dollar and traded at N1,100/CA$1.
It lost N5 against the euro, trading at ₦1,625/€1, compared with the previous day’s ₦1,625/€1.
Babajide Okeowo
