The naira lost N4.53 against the dollar at the official window

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

Officially, Central Bank of Nigeria (CBN) foreign exchange data shows that the naira closed at N1,358.43/$1, compared with N1,353.90/$1 on Thursday.

This represents a loss of N4.53 for the local currency against the dollar.

On the black market, the naira lost N5 against the dollar, trading at N1,400/$1, up from the previous day’s N1,395/$1.

READ ALSO: Naira loses N5.46 against dollar at official window

The local currency strengthened by N5 against the British Pound, trading at N1,880/£1, compared with N1,885/£1 the previous day.

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

It lost N10 against the Euro, trading at ₦1,630/€1, compared to the previous day’s ₦1,620/€1.

Babajide Okeowo