By Babajide Okeowo
LAGOS (CONVERSEER) – The Nigerian currency, the naira, extended its recovery against the American dollar at the official window on Thursday.
At the official window, the Central Bank of Nigeria (CBN) foreign exchange data showed that the naira closed at N1,396.99/$1 on Wednesday, compared to N1,400.47/$1 it traded on Wednesday.
This represents a gain of N3.48 for the local currency against the dollar.
At the black market, the naira gained N10 against the dollar, trading at N1,470/$1, as against the previous rate of N1,480/$1.
The local currency closed flat against the British Pound and Canadian dollar to trade at N2,015/£1 and N1,130/CA$1, respectively.
The naira also closed flat against the Euro to trade at ₦1,720/€1.
