Nigerian Naira Slumps by N2.35 Against Dollar at Official Window

The Nigerian Naira weakened by N2.35 against the US dollar at the official exchange rate, closing at N457.84 compared to N455.49 the previous day. Additionally, the Naira lost ground against the British pound and Euro but gained against the Canadian dollar.

The Central Bank of Nigeria (CBN) provided foreign exchange data, with Babajide Okeowo reporting the currency's performance. This depreciation reflects ongoing challenges in Nigeria's economy and foreign exchange market.