The naira shed N9 against the American dollar at the official window on Wednesday.
Data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed that the local currency traded N1,667/$1, up from N1,658/$1 it traded at the official window the previous day.
The naira lost N10 against the dollar at the parallel section of the forex market to trade N1,675/$1 as against the previous day’s N1,665/$1.
READ ALSO: Nigeria’s Naira joins worst-performing currencies globally —Bloomberg
It also shed N10 against the British Pound to trade N2,260/£1 as against the previous N2,250£1.
The Canadian dollar traded N1,280| CA$1 same as the previous N1,280| CA$1.
The currency lost N20 against the Euro to trade ₦1,860/€1 as against ₦1,840/€1 it traded on Tuesday.
By: Babajide Okeowo
Join the conversation
Opinions
Support Ripples Nigeria, hold up solutions journalism
Balanced, fearless journalism driven by data comes at huge financial costs.
As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.
If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.
Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.
Donate Now
