Naira gains N16, trades N1,570/$1 at official window

The naira appreciated against the American dollar on Friday.

Data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed that the local currency gained N16 to trade N1, 570/$1, down from N1, 586/$1 it traded on Thursday.

The intra-day high and low recorded during the day were N1,606/$1 and N1,496/$1 respectively, representing a lean spread of N110$1.

READ ALSO: Naira sheds N13, trades N1,592/$1 at official window

The naira closed flat against the dollar at the parallel section of the forex market to trade N1,615/$1.

The naira, however, gained N20 against the British Pound to trade N2,080£1 as against the previous N2,100£1.

The Canadian dollar continues to close flat against the naira to trade at N1,200| CA$1.

The naira lost N10 against the Euro to trade ₦1,770/€1 as against the previous ₦1,760/€1.

The post Naira gains N16, trades N1,570/$1 at official window appeared first on Latest Nigeria News | Top Stories from Naomisophyblog.