Naira Watch
Naira sheds N15, trades N1,579/$1 at official window
The naira slumped against the American dollar on Friday.
Data from the Nigerian Autonomous Foreign Exchange Market ( NAFEM) showed that the local currency lost N15 to trade N1,579/$1, up from N1,564/$1 it traded on Thursday.
The intra-day high and low recorded during the day were N1,606/$1 and N1,499/$1 respectively, representing a lean spread of N107\$1.
However, the naira lost N3 against the dollar at the parallel section of the forex market to trade N1,605/$1 as against the N1,602/$1 it traded the previous day.
READ ALSO: Naira gains N22, trades N1,564/$1 at official window
The naira also lost N20 against the British Pound to trade N2,100\£1 as against the previous N2,080\£1.
The Canadian dollar continues to close flat against the naira to trade N1,200| CA$1.
The naira also lost N5 against the Euro to trade ₦1,730/€1 as against the previous ₦1,725/€1.
By: Babajide Okeowo
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