The naira fetched N12.51 against the dollar in the official market

Nigeria’s currency, the naira, strengthened against the United States dollar at the official window on Thursday.

Officially, Central Bank of Nigeria (CBN) foreign exchange data shows that the naira closed at N1,359.31/$1, compared with N1,371.82/$1 on Wednesday.

This represents a gain of N12.51 for the local currency against the dollar.

On the black market, the naira closed flat against the dollar, trading at N1,410/$1.

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The local currency strengthened by N5 against the British Pound, trading at N1,905/£1, compared to N1,910/£1 the previous day.

The naira closed flat against the Canadian dollar and traded at N1,000/CA$1.

The currency gained N5 against the euro, trading at ₦1,610/€1, compared with the previous day’s ₦1,615/€1.

Babajide Okeowo