Naira slumps further trading N1,654.09/$1 at official window

Naira slumps further trading N1,654.09/$1 at official window

The Naira continued its depreciation against the American dollar at the official foreign exchange market on Wednesday, October 23, 2024.

The local currency traded at N1,654.09/$1 at the official window according to data from the Nigerian Autonomous Foreign Exchange Market (NAFEM).

This indicated that the N1,654.09/$1 was N1.07 higher than the N1,653.02/$1 that the currency traded at the official window yesterday.

The naira lost N3 against the dollar at the parallel section of the forex market to trade at N1, 728/$1 as against the previous day’s rate of N1, 725/$1.

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The naira lost N5 against the British Pound to trade at N2,255/£1 as against the previous rate of N2,250\£1.

After several weeks of closing flat, the Canadian dollar still maintains N1, 300/CA$1 the same as the previous rate of N1, 300/CA$1.

The naira closed flat against the Euro to trade at ₦1,860/€1 same as the previous day’s rate of ₦1,860/€1.

Naira slumps further trading N1,654.09/$1 at official window