Naira Watch
Naira sheds N12 against dollar, trades N1, 582/$1 at official window
The naira slumped against the American dollar on Tuesday.
Data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed that the domestic currency shed N12 to trade at N1, 582/$1, up from N1, 570/$1 it traded on Monday.
The intra-day high and low recorded during the day were N1, 607/$1, and N1, 496/$1 respectively, representing a lean spread of N111\$1.
READ ALSO: Naira trades N1, 601/$1 at official window
However, the naira gained N2 against the dollar at the parallel section of the forex market to trade N1, 598/$1 as against the previous N1, 600/$1.
The naira, however, lost N10 against the British Pound to trade N2, 070\£1 as against the previous N2, 060\£1.
The Canadian dollar continues to close flat against the naira to trade at N1,200 | CA$1.
The naira also lost N15 against the Euro to trade ₦1,715/€1 as against the previous ₦1,700/€1.
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