Naira Watch
Naira trades N1, 531/$ at official window
The naira appreciated marginally against the American dollar at the official window on Wednesday.
The Central Bank of Nigeria (CBN) Foreign exchange data showed that the naira appreciated to N1,531.25/$1 from N1, 536.82/$1 it traded on Friday.
This indicated that the naira appreciated by N5.57 against the dollar on a day-to-day basis.
At the black market, the naira depreciated to N1, 555/$1 as against the previous N1, 550/$1.
READ ALSO: Naira makes slight recovery at official window, black market
This represents a loss of N5 for the local currency.
The naira gained N20 against the British Pound to trade at N2,005/£1 as against the previous day N2,025\£1.
The Canadian Dollar appreciated to N1,150/CA$1 as against the previous rate of N1,200/CA$1.
The naira gained N40 against the Euro to trade at ₦1, 660/€1 as against the previous ₦1,700/€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.
SPECIAL REPORT: In Sokoto, classrooms overtaken by goats, reptiles, as insecurity, lack of teachers, govt inaction push children out of school
SHEHU MUHAMMAD SHEHU reports on how insecurity, government inaction and lack of qualified teachers has significantly forced up the number...
INVESTIGATION: Abia residents in pains, as contractor abandons erosion control project after collecting N185m
Fresh from fashion school in 2022, Onuka Kalu planned to convert one of his father’s two shops, where he formerly...
Trump halts $50m Gaza aid, cites ‘condoms in Gaza’ claim
In a sweeping move to reassess U.S. foreign aid spending, President Donald Trump has frozen a $50 million assistance package...
INVESTIGATION: In Zamfara, forgotten Health Center throws community into health crisis
In the late evening of Friday, September 14, 2024, shortly after the Maghrib prayer, Bashir Muhammad, a 34-year-old father of...
INVESTIGATION: Insufficient teachers, learning materials worsen education access in Kwara communities
Qudus, a Junior Secondary School (JSS 2) pupil, would sit the Basic Education Certificate Examination (BECE) in a year to...