The naira slumped against the American dollar on Tuesday.
Data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed that the domestic currency shed N12 to trade at N1, 582/$1, up from N1, 570/$1 it traded on Monday.
The intra-day high and low recorded during the day were N1, 607/$1, and N1, 496/$1 respectively, representing a lean spread of N111$1.
READ ALSO: Naira trades N1, 601/$1 at official window
However, the naira gained N2 against the dollar at the parallel section of the forex market to trade N1, 598/$1 as against the previous N1, 600/$1.
The naira, however, lost N10 against the British Pound to trade N2, 070£1 as against the previous N2, 060£1.
The Canadian dollar continues to close flat against the naira to trade at N1,200 | CA$1.
The naira also lost N15 against the Euro to trade ₦1,715/€1 as against the previous ₦1,700/€1.
The post Naira sheds N12 against dollar, trades N1, 582/$1 at official window appeared first on Latest Nigeria News | Top Stories from Naomisophyblog.
