Naira gains N0.02 against dollar at official window

The Nigerian currency, the naira, appreciated against the United States dollar at the official window on Wednesday.

At the official window, the Central Bank of Nigeria (CBN) foreign exchange data showed that the naira closed at N1,343.74/$1, compared to N1,343.74/$1 on Tuesday.

This represents a gain of N0.02 for the local currency against the dollar.

At the black market, the naira, gained N3 against the dollar to trade at N1,402/$1 against the previous day’s rate of N1,405/$1.

The local currency lost N5 against the British Pound, trading at N1,895/£1, as against the previous day’s N1,890/£1.

The naira closed flat against the Canadian dollar and Euro to trade at N1,100/CA$1 and ₦1,615/€1, respectively.