The naira lost N1.07 against the dollar at the official window

Nigeria’s currency, the naira, depreciated further against the United States dollar at the official window on Tuesday.

Officially, Central Bank of Nigeria (CBN) foreign exchange data shows that the naira closed at N1,350.74/$1, compared with N1,349.67/$1 on Monday.

This represents a loss of N1.07 for the local currency against the dollar.

On the black market, the naira rose N5 against the dollar, trading at N1,400/$1, down from the previous day’s N1,405/$1.

READ ALSO: Naira loses N6.04 against dollar at official window

The local currency lost N10 against the British Pound, trading at N1,890/£1, compared with N1,880/£1 the previous day.

The naira closed flat against the Canadian dollar and traded at N1,100/CA$1.

The naira rose N5 against the euro, trading at ₦1,615/€1, compared to the previous day’s ₦1,620/€1.

Babajide Okeowo