Naira struggles against dollar in official FX window

The Naira made a slight recovery against the American dollar in the official market on Tuesday.

The Central Bank of Nigeria (CBN) Foreign exchange data showed that the naira appreciated to N1, 599.70/$1 as against N1,599.94/$1 it traded on Monday.

This represents a gain of N0.24 for the local currency.

On the black market, the Naira closed flat against the dollar to trade at N1,610/$1.

The Naira closed flat against the British Pound to trade at N2,120/£1.

The Canadian Dollar still held steady at N1,150/CA$1. 

The Naira closed flat against the Euro to trade at ₦1,800/€1.

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