Naira gains N36, trades at N1,540/$1 in official window

The Naira traded N1, 540/$1 in the official window on Friday.

Data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed that the figure was N36 lower than the N1, 576/$1 the currency traded in the official window on Wednesday.

The Naira continued its slump against the dollar in the parallel section of the forex market to trade at N1,700/$1, as against the previous day’s N1,695/$1, indicating a loss of N5 for the local currency.

The Naira, however, gained N5 against the British Pound to trade N2, 265/£1, as against the previous N2,270/£1.

The Canadian dollar traded flat at N1,280/CA$1.

The Naira closed flat against the Euro to trade N1,860/€1.

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