The naira recovered against the American dollar at the official window on Friday.
Data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed that the local currency gained N46 to trade N1, 593/$1, down from N1, 639/$ recorded at the official window the previous day.
The intra-day high and low recorded during the day were N1, 665/$1 and N1, 580/$1 respectively, representing a very lean spread of N85$1.
The naira gained N15 against the dollar at the parallel section of the forex market to trade N1, 675/$1 as against the previous N1, 660/$1.
The naira also shed N20 against the British Pound to trade N2,200/£1 as against the previous day’s N2,180£1.
The Canadian dollar closed flat against the naira to trade N1, 250| CA$1.
The naira also lost N40 against the Euro to trade ₦1,820/€1 as against ₦1,780/€1 traded on Thursday.
By: Babajide Okeowo
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