Naira Watch
Naira sheds N57 to trade at N1,637/$1 at official window
The naira slumped against the American dollar at the official window on Tuesday, September 10, 2024.
The local currency traded at N1,637/$1 at the official window according to data from the Nigerian Autonomous Foreign Exchange Market (NAFEM).
This indicated that the N1,637/$1 was N57 higher than the N1,580/$1 the currency traded at the official window at the beginning of the week.
The intra-day high and low recorded during the day were N1,655/$1 and N1,499/$1 respectively, representing a wide spread of N156\$1.
READ ALSO:Naira gains N46 to trade N1, 593/$1 at official window
The naira lost N5 against the dollar at the parallel section of the forex market to trade N1,660/$1 as against the previous N1,655/$1.
The naira also shed N20 against the British Pound to trade N2,200/£1 as against the previous N2,180\£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.
By: Babajide Okeowo
Join the conversation
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.
