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CBN data showed the naira closed at N1,379.62 per dollar in the official market, marking a 0.09% declineThe naira also weakened against the British pound but gained 43 kobo against the euro in the official forex marketA parallel market trader told Legit.ng the dollar sold at N1,427 while interbank forex turnover dropped 10% to $71.044 million
The naira lost ground against the United States dollar in the official foreign exchange market on Friday, July 10, according to fresh data published by the Central Bank of Nigeria (CBN).
Figures from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed the naira settled at N1,379.62 to the dollar by the close of Friday’s trading session.
That represented a decline of N1.19, or 0.09%, from the N1,378.43 rate recorded on Thursday.
Nigerian currency loses ground against dollar despite strong FX inflows Photo: BloombergSource: Getty Images
The local currency also shed value against the British pound, closing at N1,850.62
