Nigerian Naira Gains N0.04 Against Dollar at Official Window

The Nigerian Naira saw a marginal gain of N0.04 against the US dollar at the official window, closing at N1 to $526.05 compared to N1 to $526.09 the previous day. The Naira also appreciated by N2 against the dollar in the parallel market, trading at N1 to $540.1.

However, it remained flat against the British pound at N2 to £120.1. The local currency gained N3 against the Euro, trading at N1 to €795.1.

The data was released by the Central Bank of Nigeria (CBN). Babajide Okeowo reported the currency market updates.