Nigerian Naira Slumps, Loses N5.60 Against Dollar at Official Window
The Nigerian Naira continued its decline against the American Dollar at the official window, as per data from the Central Bank of Nigeria (CBN). The Naira closed at N448.03 to $1, shedding N5.60 compared to the previous trading day.
It also lost N5 against the British Pound, trading at N1925.1. The Naira remained flat against the Canadian Dollar but depreciated against the Euro.
This ongoing depreciation reflects challenges in Nigeria's economy and foreign exchange market.
Plus234Feed summary based on reporting from Ripples Nigeria. Read the original report below.
Read full article
Continue on Ripples Nigeria
Share
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Free · one email per week · unsubscribe anytime
Related Stories
Business
Nigerian Naira Depreciates by N5.72 Against US Dollar at Official Window
Business
Nigerian Naira Gains N1.64 Against Dollar, Expert Analysis Revealed
Business
Nigerian Naira Weakens Against Dollar in Official and Black Markets
Business
Nigerian Naira Weakens Against Dollar, Exchange Rate Gap Widens to N20
Business
Nigerian Naira Strengthens Officially but Weakens in Black Market
Business
Nigerian Naira Depreciates by N10.06 Against US Dollar at Official Window
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
