The naira shed N1 against the United States at the official window on Tuesday.
Data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed that the local currency traded N1,509/$1 on Tuesday as against the N1,508/$1 recorded the previous day.
The intra-day high and low recorded during the day were N1,521/$1 and N1,445/$1 respectively, representing a lean spread of N76\$1.
However, the naira lost against the dollar at the parallel section of the market to trade at N1,515/$1 as against N1,510/$1 it traded the previous day.
The naira also lost N5 against the British Pound to trade at N1,905\£1 as against the previous N1,900\£1.
The Canadian dollar continues to close flat against the naira to trade at N1,200| CA$1.
The naira lost N10 against the Euro to trade at ₦1,600/€1 as against the previous trading day’s rate of ₦1,590/€1.
By: Babajide Okeowo