Naira gains N15 to trade N1,566/$1 at the official window

The naira recovered from its slump against the American dollar to trade N1, 566/$1 at the official window on Thursday.

Data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed that the domestic currency gained N15 in today’s trading when compared with N1, 588/$1 recorded on Wednesday.

The intra-day high and low recorded during the day were N1,650/$1 and N1,500/$1 respectively, representing a lean spread of N150\$1.

The naira continued its slump at the parallel market as the local currency shed N25 against the dollar to trade N1,640|$1 as against the N1,615/$1 for Wednesday.

READ ALSO: Court throws out suit challenging Arabic inscription on Naira notes

The naira lost N10 against the British Pound to trade at N2,090\£1 as against the previous day’s N2,080\£1.

The Canadian dollar continues to close flat against the naira to trade N1,200|CA$1.

The naira lost N20 against the Euro to trade ₦1,740/€1 as against the previous of ₦1,720/€1.

By: Babajide Okeowo

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