Naira makes paltry gain over dollar at official window of forex market

The Naira, on Thursday, appreciated against the American dollar at the official window of the forex market.


Date from the Central Bank of Nigeria (CBN) showed that the Naira closed at N1, 534.52/$1 as against the N1, 534.82/$1 it traded on Thursday.

This represents a gain of N0.30 for the local currency against the American greenback.

On the black market, the Naira closed flat against the dollar to trade at N1,555/$1.

The local currency lost N10 against the British Pound to trade at N2,115/£1 as against the previous day’s rate of N2,105/£1.

It, however, continued to close flat against the Canadian dollar to trade at N1,200/CA$1.

The Naira lost N5 against the Euro to trade at N1,800/€1 as against the previous day’s rate of N1,795/€1.

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