The naira shed N0.82 against the dollar at the official window

Nigeria’s currency, Naira, depreciated further against the American dollar at the official window on Tuesday.

Central Bank of Nigeria (CBN) data shows that the Naira closed at N1,471.08/$1, compared to N1,470.26/$1 traded on Monday.

This represents a loss of N0.82 for the local currency against the American greenback.

The naira closed flat against the dollar to trade at N1,500/$1.

The local currency, however, gained N5 against the British pound to trade at N2,030/£1 compared to the previous day’s level of N2,035/£1.

Also read: Naira Sheds N4.59 to Dollar in Official Window

It closed flat against the Canadian dollar to trade at N1,200/CA$1.

The naira gained N5 against the euro to trade at ₦1,735/€1 compared to previous day’s level of ₦1,740/€1.

Babajide Okeowo