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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 N1,386.71/$1, compared with N1,383.58/$1 on Monday.
This represents a loss of N3.13 for the local currency against the dollar.
On the black market, the naira lost N1 against the dollar, trading at N1,426/$1, compared to N1,425/$1 the previous day.
READ ALSO: Naira slumps against dollar in official market, down N3.01
The local currency lost N5 against the British Pound, trading at N1,925/£1, compared with N1,920/£1 the previous day.
The Naira continued to close flat against the Canadian dollar and traded at N1,000/CA$1.
The currency gained N5 against the euro, trading at ₦1,625/€1, compared with the previous day’s ₦1,630/€1.
Babajide Okeowo
The post Naira loses N3.13 against dollar in official market appeared first on Latest Nigerian News | Top News from Ripples Nigeria.
