Naira loses N15, trades at N1,579/$1 in official window

The Naira slumped against the American dollar on Friday.

Data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed that the local currency lost N15 to trade at N1,579/$1, up from N1,564/$1 it traded on Thursday.

The intra-day high and low recorded during the day were N1,606/$1 and N1,499/$1 respectively, representing a lean spread of N107/$1.

However, the Naira lost N3 against the dollar at the parallel section of the forex market to trade at N1,605/$1 as against the N1,602/$1 it traded the previous day.

The Naira also lost N20 against the British Pound to trade N2,100/£1 as against the previous N2,080/£1.

The Canadian dollar continued to close flat against the Naira to trade N1,200/CA$1.

The Naira also lost N5 against the Euro to trade N1,730/€1 as against the previous N1,725/€1.

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