The naira fetched N9.22 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 N1,357.33/$1, compared with N1,366.55/$1 on Tuesday.

This represents a gain of N9.22 for the local currency against the dollar.

On the black market, the naira closed flat against the dollar, trading at N1,395/$1.

READ ALSO: Naira slumps against dollar in official window, down N1.31

The local currency also closed flat against the British Pound and Canadian Dollar at N1,880/£1 and N1,100/CA$1 respectively.

The naira rose N5 against the euro, trading at ₦1,625/€1, down from the previous day’s ₦1,630/€1.

Babajide Okeowo