Naira Watch
Naira gains N28 to trade N1,631/$1 at official window
The Naira recovered further against the dollar at the foreign exchange market on Friday.
Data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed that the local currency gained N28.05 to trade at N1,631.21/$1, lower than the N1659.26/$1 it traded at the official window on Thursday.
The naira also gained N10 against the dollar at the parallel section of the forex market to trade N1,670/$1 as against the previous day’s N1,680/$1.
The currency closed flat against the British Pound to trade at N2,270/£1.
READ ALSO: Naira sheds N127 to trade N1669/$1 at official window
The Canadian dollar traded at N1,280 | CA$1 same as the previous rate of N1,280| CA$1.
The naira also closed trading against the Euro at ₦1,870/€1 same as the previous day’s rate of ₦1,870/€1.
By: Babajide Okeowo
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