The naira fetched N8.01 against the dollar in the official market

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 N1,378.70/$1, compared with N1,386.71/$1 on Tuesday.

This represents a gain of N8.01 for the local currency against the dollar.

On the black market, the naira rose N6 against the dollar, trading at N1,420/$1, compared to N1,426/$1 the previous day.

READ ALSO: Naira loses N3.13 against dollar in official market

The local currency strengthened by N15 against the British Pound, trading at N1,910/£1, compared with N1,925/£1 the previous day.

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

However, it lost N5 against the euro, trading at ₦1,630/€1, compared to the previous day’s ₦1,625/€1.

Babajide Okeowo