The Nigerian currency, the naira, slumped slightly against the American dollar on Friday June 7, 2024 to trade at N1,483/$1, data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) has shown.
At the end of trading on Friday, the naira gained N2 against the dollar, trading at N1,483/$1 as against the rate of N1,481/$1 recorded on Thursday, June 6, 2024.
The intra-day high and low recorded during the day were N1,507/$1 and N1,399/$1 respectively, representing a lean spread of N108$1.
However, the naira appreciated against the dollar at the parallel section of the market to trade at N1,490/$1, as against the rate of N1,495/$1 the previous day representing a gain of N5 for the local currency.
READ ALSO:Naira gains N7 against dollar, trades at N1,481/$1 at official window
However, the naira slumped against the British Pound to trade at N1,920£1 as against the previous day’s rate of N1,890£1 representing a loss of N30 for the local currency.
For several days running, the Canadian dollar closed flat against the naira to trade at N1,200| CA$1 same as the previous trading day rate of N1,200| CA$1.
The naira, also slumped against the Euro to trade at ₦1,590/€1 as against the previous day’s rate of ₦1,570/€1 indicating a loss of N20 in the local currency.
By: Babajide Okeowo

If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.

This is another opportunity to own a faster-loading website to expand your business and take it digitally online. Meet the best website designer/master coder for any kind of website. Contact them now it is affordable Chat now: 09077260922

Previous articleMarketers crack down on oil bunkering in Nigeria’s Niger Delta
Next articleTop 10 stories from across Nigerian Newspapers, Saturday, June 8, 2024


Please enter your comment!
Please enter your name here