Nigerian Naira Depreciates by N5.72 Against US Dollar at Official Window
The Nigerian Naira experienced a depreciation of N5.72 against the US Dollar at the official window, according to data from the Central Bank of Nigeria (CBN). The Naira closed at N463.23 to $1, representing a loss of N5.72 compared to the previous day.
Additionally, the Naira lost N5 against the British Pound, trading at N2,025 to £1, and depreciated against the Euro as well. However, it maintained a flat rate against the Canadian Dollar.
These fluctuations highlight the ongoing challenges facing the Nigerian currency in the foreign exchange market.
Plus234Feed summary based on reporting from Ripples Nigeria. Read the original report below.
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