The Nigerian currency, the naira, continued its recovery against the American dollar at the official window on Thursday.
The Central Bank of Nigeria (CBN) foreign exchange data showed that the naira closed at N1, 525.82/$1 as against the N1,526.15/$1 it traded on Wednesday.
This represents a gain of N0.33 for the local currency against the American greenback.
On the black market, the naira gained N5 against the dollar to trade at N1,565/$1, as against the previous day’s rate of N1,570/$1.
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The local currency also gained N5 against the British Pound to trade at N2,165/£1 as against the previous day’s rate of N2,170/£1.
It. however, closed flat against the Canadian dollar to trade at N1,200/CA$1.
The naira gained N5 against the Euro to trade at ₦1,805/€1 as against the previous day’s rate of ₦1,810/€1.
By: Babajide Okeowo