The Naira lost N63 against the Dollar at the official foreign exchange market on Wednesday.
Data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed that the local currency traded at N1,625.13/$1, higher than the N1,561.76/$1 it traded at the official window on Tuesday.
The naira also lost N15 against the dollar at the parallel section of the forex market to trade N1, 695/$1 as against the previous day’s N1, 680/$1.
The naira gained N5 against the British Pound to trade N2,265/£1 as against the previous N2,270\£1.
The Canadian dollar still traded at N1, 280/CA$1 same as the previous rate N1, 280/CA$1.
The naira also gained N10 against the Euro to trade ₦1,860/€1 as against the previous day’s ₦1,870/€1.
By: Babajide Okeowo