The Naira fetched N12.42 to the dollar at the official window

Nigeria’s currency, the naira, appreciated 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 N1,343.76/$1, compared with N1,356.18/$1 on Monday.

This represents a gain of N12.42 for the local currency against the American dollar.

On the black market, Nigeria’s currency, the naira, rose by N5 against the American dollar and traded at N1,405/$1 after trading at N1,410/$1 for the past four days.

READ ALSO:Naira earns N10, trades at N1400/$1 on black market

The local currency strengthened by N10 against the British Pound, trading at N1,890/£1, compared with N1,900/£1 the previous day.

The Naira lost N100 against the Canadian dollar and traded at N1,100/CA$1 compared to the previous day’s rate of N1,000/CA$1.

The naira lost N5 against the euro, trading at ₦1,615/€1, compared to the previous day’s ₦1,610/€1.

Babajide Okeowo