The naira appreciated against the American dollar on Wednesday.
Data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed that the domestic currency gained N49 to trade N1,543/$1, down from N1,592/$1 it traded on Tuesday.
The intra-day high and low recorded during the day were N1,599/$1 and N1,500/$1 respectively, representing a lean spread of N99$1.
READ ALSO: Naira closes flat against dollar at N1,579/$1
The naira depreciated against the dollar at the parallel section of the forex market to trade N1,610/$1, as against the previous N1,605/$1.
The naira also lost N10 against the British Pound to trade N2,090£1 as against the previous day’s N2,080£1.
The Canadian dollar continued to close flat against the naira to trade N1,200| CA$1.
The naira also lost N5 against the Euro to trade ₦1,745/€1 as against the previous ₦1,740/€1.
By: Babajide Okeowo
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