Naira gains N3.42 against dollar at official window

The Nigerian Naira saw a significant gain of N3.42 against the US Dollar at the official window, according to data from the Central Bank of Nigeria. The Naira closed at N411.11 to a dollar, marking a notable improvement from the previous day's rate.

On the black market, the Naira remained steady against the Dollar at N1 to 1. However, the Naira lost N5 against the British Pound, closing flat against the Canadian Dollar, and losing N10 against the Euro compared to the previous day's rates.

These fluctuations in the exchange rates highlight the ongoing volatility in the Nigerian currency market.