The naira appreciated marginally against the American dollar at the official window on Wednesday.
The Central Bank of Nigeria (CBN) Foreign exchange data showed that the naira appreciated to N1,531.25/$1 from N1, 536.82/$1 it traded on Friday.
This indicated that the naira appreciated by N5.57 against the dollar on a day-to-day basis.
At the black market, the naira depreciated to N1, 555/$1 as against the previous N1, 550/$1.
This represents a loss of N5 for the local currency.
The naira gained N20 against the British Pound to trade at N2,005/£1 as against the previous day N2,025£1.
The Canadian Dollar appreciated to N1,150/CA$1 as against the previous rate of N1,200/CA$1.
The naira gained N40 against the Euro to trade at ₦1, 660/€1 as against the previous ₦1,700/€1.
By: Babajide Okeowo
© Ripples Nigeria
