The Naira shed N4.59 against the dollar at the official window

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

According to Central Bank of Nigeria (CBN) Data, the Naira closed at N1,470.26/$1, compared to N1,465.67/$1 traded on Friday.

This represents a depreciation of N4.59 for the local currency against the American greenback.

The Naira lost N40 against the American Greenback to trade at N1,500/$1, compared to the previous day’s level of N1,460/$1.

The naira lost N35 against the British pound to trade at N2,035/£1 compared to the previous day’s level of N2,000/£1.

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The naira closed flat against the Canadian dollar to trade at N1,200/CA$1, the same as the previous day’s level of N1,200/CA$1.

The Naira lost N30 against the Euro to trade at ₦1,740/€1 compared to previous day’s level of ₦1,710/€1.

By: Babajide Okeowo