Naira Loss N0.41 Against Dollar At Official Window

The Nigerian currency, the naira, slumped against the American dollar at the official window on Wednesday.

The Central Bank of Nigeria (CBN) foreign exchange data showed that the naira closed at N1,455.49/$1, as against the N1,455.08/$1 it traded on Tuesday.

This represents a depreciation of N0.41 for the local currency against the American greenback.

The Nigerian currency, the naira, lost N5 against the American greenback to trade at N1,500/$1, as against the previous day’s rate of N1,495/$1.

The local currency lost N20 against the British Pound to trade at N2,010/£1 as against the previous day’s rate of N1,990£1.