Naira appreciates further against dollar at official window, gains N0.86


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

At the official window, the Central Bank of Nigeria (CBN) foreign exchange data showed that the naira closed at N1,442.51/$1, compared to N1,443.37/$1 it traded on Wednesday.

This represents an appreciation of N0.86 for the local currency against the American dollar.

At the black market, the Nigerian currency gained N7 against the American greenback, trading at N1,485/$1, as against the previous rate of N1,492/$1 of the previous day.

Read also: Grid Failure: Nigeria plunged into blackout as power generation crashes

The local currency gained N10 against the British Pound to trade at N1,985/£1 as against the previous day’s rate of N1,995/£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 gained N15 against the Euro to trade at ₦1,715/€1, as against the previous day’s rate of ₦1,730/€1.