Naira Watch
Naira gains N9 to trade N1659/$1 at official window
The Naira recovered slightly against the dollar at the foreign exchange market on Thursday.
Data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed that the local currency traded at N1,659.26/$1, which was N9.89 lower than the N1,669.15/$1 it traded at the official window on Wednesday.
The naira, however, gained N10 against the dollar at the parallel section of the forex market to trade N1,680/$1 as against the previous day’s N1,690/$1.
The naira lost N10 against the British Pound to trade N2,270/£1 as against the previous N2,260\£1.
READ ALSO: Naira sheds N127 to trade N1669/$1 at official window
The Canadian dollar still traded at N1,280| CA$1.
The naira lost N10 against the Euro to trade ₦1,870/€1 as against the previous day’s ₦1,860/€1.
BY; Babajide Okeowo
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