Naira recovers to trade N1, 509/$1 at official window

The naira recovered from its recent slump against the United States dollar on Friday to close the week on a positive note.

Data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed that the domestic currency gained N11 to trade N1, 509/$1 at the official window.

The figure was lower than N1,520/$1 the naira traded on Thursday.

The intra-day high and low recorded during the day were N1,535/$1 and N1,450/$1 respectively, representing a very lean spread of N85\$1.

READ ALSO: Naira sheds N1, trades N1, 509/$1 at official window

The naira closed flat against the dollar at the parallel section of the market to trade at N1,525/$1.

The naira shed N5 against the British Pound to trade N1,925\£1 as against the previous N1,920\£1.

The Canadian dollar continues to close flat against the naira to trade at N1,200| CA$1.

The naira shed N10 against the Euro to trade at ₦1,620/€1 as against the previous ₦1,610/€1.

By: Babajide Okeowo

Join the conversation

Opinions

Support Ripples Nigeria, hold up solutions journalism

Balanced, fearless journalism driven by data comes at huge financial costs.

As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.

If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.

Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.

Donate Now