Naira slides further, trades at N1,660/$1 in official window

Again on Thursday, the Naira depreciated by less than N1 against the Dollar in the official foreign exchange market.

Data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed that the local currency traded at N1, 660.49/$1, N.08 higher than the N1, 659.69/$1 it traded in the official window on Wednesday.

The Naira, however, gained N20 against the British Pound to trade N2,250/£1 as against the previous N2,270/£1.

The Canadian dollar still traded at N1, 280/CA$1 on Thursday.

Also on Thursday, the Naira closed flat against the Euro to trade at N1,860/€1.

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