Naira gains N1, trades N1, 576/$1 at official window

The naira reversed its slump against the United States dollar on Tuesday.
Data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed that the domestic currency gained N1 to trade N1,576/$1, down from N1,577/$1 recorded at the official window on Monday.
The intra-day high and low recorded during the day were N1,592/$1 and N1,492/$1 respectively, representing a lean spread of N100$1.
The naira lost N20 against the dollar at the parallel section of the market to trade N1,585|$1, as against N1,565/$1 recorded the previous day.
The naira lost N10 against the British Pound to trade N2,060£1 as against the previous N2,050£1.
The Canadian dollar continues to close flat against the naira to trade N1,200| CA$1.
The naira lost N10 against the Euro to trade ₦1,700/€1 as against the previous ₦1,690/€1.
By: Babajide Okeowo
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