Find out more as Naira reverses gain, crashes against dollar, pound, euro
Naija News • 6d ago
The naira weakened further against the US dollar on Monday, falling to N1,349.24/$1 in the official market
Data from the CBN shows the naira also lost value against the pound sterling and the euro
The CBN slowed naira appreciation at the official window and mopped up about $190 million
On the first trading day of the week, the Nigerian currency, the naira, reversed some of its gains as its value weakened further against the US dollar.
Data obtained from the Central Bank of Nigeria showed that in the Nigerian Foreign Exchange Market (NAFEM) on Monday, February 23, the naira fell by N2.92 or 0.22% to N1,349.24/$1 from N1,346.32/$1 recorded last Friday.
The naira slips to N1,349.24/$1 at the official window Photo: Bloomberg
Source: Getty Images
Similarly, the naira also depreciated aga...