Naira sheds N5 against dollar at official window, trades N1,544/$1

The naira shed a marginal N5 against the American dollar at the official window on Thursday, September 19, 2024.

The local currency traded at N1,544/$1 at the official window according to data from the Nigerian Autonomous Foreign Exchange Market (NAFEM).

This indicated that the N1,544/$1 was N5 higher than the N1,539/$1 the currency traded at the official window the previous trading day.

READ ALSO:Naira sheds N110, trades N1,656/$1 at official market

For the third consecutive day, the naira traded steady against the dollar at the parallel section of the forex market at N1,665/$1.

The same applied for the British Pound which also closed flat to trade N2,220/£1 same as the previous rate of N2,220\£1.

The Canadian dollar traded at N1,280| CA$1 same as the previous rate of N1,280| CA$1.

The naira however gained N5 against the Euro to trade at ₦1,835/€1 as against the previous day’s rate of ₦1,840/€1.

By: Babajide Okeowo

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