The naira lost N2.67 against the dollar at the official window

Nigeria’s currency, the naira, dipped slightly against the US dollar at the official window on Monday.

Officially, Central Bank of Nigeria (CBN) foreign exchange data shows that the naira closed at N1,373.70/$1, compared with N1,371.03/$1 on Friday.

This represents a loss of N2.67 for the local currency against the American dollar.

On the black market, Nigeria’s currency, the naira, closed flat against the American dollar, trading at N1,400/$1, the same as the previous day’s N1,400/$1.

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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 same as the previous day’s rate of N1,100/CA$1.

The naira lost N15 against the euro, trading at ₦1,630/€1, compared to the previous day’s ₦1,615/€1.

By Babajide Okeowo