Nigerian Naira Weakens Further, Sheds N1.69 Against Dollar

The Nigerian Naira weakened by N1.69 against the US Dollar at the official window, according to data from the Central Bank of Nigeria (CBN). The Naira closed at N448.43 to the dollar, representing a depreciation from the previous day's rate of N446.74.

However, the Naira remained flat against the American Dollar at N470.1 compared to the previous day. The Naira also experienced fluctuations against other major currencies like the British Pound, Canadian Dollar, and Euro.