On Friday, the Naira depreciated at the official market, trading at N1,596.92 to the dollar.
According to data from the official trading platform of the FMDQ Exchange, which oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), the Naira lost N30.10. This represents a 1.92 percent loss compared to the previous trading date on Thursday, when it exchanged at N1,566.82 to a dollar.
Additionally, the total daily turnover decreased to 250.67 million dollars on Friday, down from 273.14 million dollars recorded on Thursday.
Meanwhile, at the Investor’s and Exporter’s (I&E) window, the Naira traded between N1,619 and N1,495 against the dollar.
