Naira recovers further against dollar at official FX window

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The Naira, on Friday, appreciated further against the American dollar at the official window of the foreign exchange market.

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The Central Bank of Nigeria (CBN) foreign exchange data showed that the Naira closed at N1,457.95/$1, as against the N1,460.49/$1 it traded on Thursday.

This represents a gain of N2.54 for the local currency against the American greenback.

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The local currency lost N5 against the British Pound to trade at N2,020/£1 as against the previous day’s rate of N2,015/£1.

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

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The Naira lost N10 against the Euro to trade at N1,730/€1 as against the previous day’s rate of N1,720/€1.

Naira gained N5 against the dollar to trade at N1,495/$1, as against the previous day’s rate of N1,500/$1.

 

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