Naira loses at official market


Naira recorded a slight fall against the U.S. dollar at the official market on Thursday, after a marginal gain at the spot market on Wednesday.

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According to data published on the Central Bank of Nigeria’s website, at the close of business Thursday, naira closed at N414.79 to a dollar.

This implies a N0.18 or 0.04 per cent decline from N414.61 per $1 dollar it exchanged in the previous session on Wednesday.

It reached an intraday high of N413.79 and a low of N414.29 before closing at N414.79 on Thursday.

Black market dealers in Abuja said they exchanged the naira with the greenback currency at N565.00 to a dollar and sold at N568.00, against the N567.00 rate it exchanged in the previous market segment on Wednesday

Naija247news is an investigative news platform that tracks news on Nigerian Economy, Business, Politics, Financial and Africa and Global Economy.

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