Naira loses N127, trades at N1669/$1 in official window

The Naira, on Wednesday, shed N127 against the dollar in the official window.

Data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed that the local currency traded at N1,669.15/$1, higher than the N1,541.94/$1 it traded in the official window on Monday.

The Naira, however, gained N10 against the dollar in the parallel section of the forex market to trade at N1,690/$1, as against the previous N1,700/$1.

The Naira gained N20 over the British Pound to trade N2,260/£1, as against the N2,280/£1 posted on Monday.

The Canadian dollar still traded at N1,280/CA$1, same as the previous N1,280/CA$1.

The Naira gained N20 flat against the Euro to trade N1,860/€1, as against the previous day’s N1,880/€1.

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