The Nigerian currency, the naira, slumped against the American dollar at the official window on Wednesday.
At the official window, the Central Bank of Nigeria (CBN) foreign exchange data showed that the naira closed at N1,420.69/$1, compared to N1,419.34/$1 it traded on Tuesday.
This represents a loss of N1.34 for the local currency against the dollar.
At the black market, the naira lost N2 against the dollar, trading at N1,492/$1, compared to the previous rate of N1,490/$1.
The local currency lost N5 against the British Pound to trade at N2,020/£1 as against the previous day’s rate of N2,015/£1.
READ ALSO: Naira gains N0.94 against dollar at official market
The naira closed flat against the Canadian dollar to trade at N1,130/CA$1.
It gained N5 against the Euro to trade at ₦1,715/€1, as against the previous day’s rate of ₦1,720/€1.
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Babajide Okeowo
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