Naira loses N43, trades N1, 586/$1 at official window

The naira slumped against the American dollar on Thursday.

Data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed that the domestic currency shed N43 to trade N1, 586/$1, up from N1, 543/$1 it traded on Wednesday.

The intra-day high and low recorded during the day were N1, 603/$1 and N1, 500/$1 respectively, representing a lean spread of N103$1.

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

The naira also depreciated against the dollar at the parallel section of the forex market to trade N1,615/$1 as against the previous N1,610/$1.

The naira also lost N10 against the British Pound to trade N2, 100£1 as against the previous N2, 090£1.

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

The naira also lost N15 against the Euro to trade ₦1,760/€1 as against the previous ₦1,745/€1.

By: Babajide Okeowo

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