Naira gains N19, trades N1, 574/$1 at official window

The naira continued its recovery against the American dollar on Friday.
Data from Nigerian Autonomous Foreign Exchange Market (NAFEM) showed that the domestic currency gained N19 to trade at N1, 574/$1, down from N1, 593/$1 it traded on Thursday.
The intra-day high and low recorded during the day were N1,601/$1 and N1,520/$1 respectively, representing a very lean spread of N81$1.
Similarly, the naira gained N5 against the dollar at the parallel section of the forex market to trade N1,610/$1 as against N1,615/$1 it traded the previous day.
The naira gained N10 against the British Pound to trade N2,090£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 also closed flat against the Euro to trade at ₦1,730/€1.
By: Babajide Okeowo
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