Naira loses N63 to trade N1625/$1 at official window - Ripples Nigeria
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Naira loses N63 to trade N1625/$1 at official window

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The Naira lost N63 against the Dollar at the official foreign exchange market on Wednesday.

Data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed that the local currency traded at N1,625.13/$1, higher than the N1,561.76/$1 it traded at the official window on Tuesday.

The naira also lost N15 against the dollar at the parallel section of the forex market to trade N1, 695/$1 as against the previous day’s N1, 680/$1.

The naira gained N5 against the British Pound to trade N2,265/£1 as against the previous N2,270\£1.

READ ALSO: Naira gains N73 to trade N1561/$1 at official window

The Canadian dollar still traded at N1, 280/CA$1 same as the previous rate N1, 280/CA$1.

The naira also gained N10 against the Euro to trade ₦1,860/€1 as against the previous day’s ₦1,870/€1.

By: Babajide Okeowo

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