The naira halted its decline, gaining N5.06 against the dollar at the official window

Nigeria’s currency, the naira halted days of depreciation 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 N1,370.56/$1, compared with N1,375.62/$1 on Tuesday.

This represents a gain of N5.06 for the local currency against the dollar.

On the black market, the naira lost N6 against the dollar, trading at N1,400/$1, compared with N1,396$1 the previous day.

READ ALSO: Naira loses N2.46 against dollar at official window

The local currency lost N5 against the British Pound, trading at N1,885/£1, compared with N1,880/£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 ₦1,625/€1, compared to the previous day’s ₦1,620/€1.

Babajide Okeowo