Naira Extends Appreciation Against Dollar At Official Window

The Nigerian currency, the naira, appreciated further against the American dollar at the official window on Tuesday.

The Central Bank of Nigeria (CBN) foreign exchange data showed that the naira closed at N1,448.20/$1, as against the N1,452.79/$1 it traded on Monday.

This represents an appreciation of N4.59 for the local currency against the American greenback.

The naira closed flat against the American greenback to trade at N1,490/$1, the same as the previous day’s rate of N1,490/$1.

The naira gained N10 against the British Pound to trade at N2,000/£1 as against the previous day’s rate of N2,010/£1.

The naira closed flat against the Canadian dollar to trade at N1,200/CA$1, the same as the previous day’s rate of N1,200/CA$1.

The naira closed flat against the Euro to trade at ₦1,710/€1 the same as the previous day’s rate of ₦1,710/€1.