Nigerian Naira Depreciates by N10.06 Against US Dollar at Official Window

The Nigerian Naira depreciated by N10.06 against the US Dollar at the official window, according to data from the Central Bank of Nigeria (CBN). The Naira closed at N473.29 to $1, compared to N463.23 the previous day.

It also gained N5 against the Dollar, trading at N495.1 to $1. The Naira made gains against the British Pound and closed flat against the Canadian Dollar.

However, it lost N15 against the Euro. These fluctuations reflect the ongoing challenges in Nigeria's foreign exchange market.