Nigerian Naira Weakens Against Dollar, Gains on Other Currencies

The Nigerian Naira weakened by N1.20 against the US Dollar at the official window, closing at N488.56 compared to N487.36 the previous day. However, it gained against the Canadian Dollar and Euro but remained flat against the British Pound.

Babajide Okeowo was mentioned in the article. The Central Bank of Nigeria (CBN) provided the foreign exchange data.

The Naira's performance against major currencies reflects the ongoing volatility in Nigeria's foreign exchange market.