Naira sheds N5 at official window, trades N1,598/$1

The naira slumped against the American dollar on Friday, August 30, 2024.

The local currency traded at N1,598/$1 at the official window according to data from the Nigerian Autonomous Foreign Exchange Market (NAFEM).

This indicated that the N1,598/$1 was N5 higher than the N1,593/$1 the currency traded at the official window the previous day.

The intra-day high and low recorded during the day were N1,610/$1 and N1,511/$1 respectively, representing a lean spread of N99\$1.

READ ALSO:Naira recovers, trades N1,593/$ at official window

The naira lost N15 against the dollar at the parallel section of the forex market to trade N1,645/$1 as against the previous N1,630/$1.

The naira also lost N20 against the British Pound to trade N2,140/£1 as against the previous N2,120\£1.

The Canadian dollar closed flat against the naira to trade N1,250| CA$1.

The naira also lost N20 against the Euro to trade ₦1,820/€1 as against the previous day’s ₦1,800/€1.

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