The naira fetched N2.30 to the dollar at the official window

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

Officially, Central Bank of Nigeria (CBN) foreign exchange data shows that the naira closed at N1,348.44/$1, compared with N1,350.74/$1 on Tuesday.

This represents a gain of N2.30 in local currency against the dollar.

On the black market, the naira rose N2 against the dollar, trading at N1,398/$1, down from the previous day’s N1,400/$1.

READ ALSO: Naira loses N1.07 against dollar at official window

The local currency strengthened by N10 against the British Pound, trading at N1,880/£1, compared with N1,890/£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 ₦1,620/€1, compared with the previous day’s ₦1,615/€1.

Babajide Okeowo