Naira depreciates by 0.16% against dollar at official market

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Meanwhile, at the Investor’s and Exporter’s (I&E) window, the Naira traded between ₦1,507.00 and ₦1,399.00 against the dollar.

The Naira on Friday recorded a loss at the official market, trading at ₦1,483.99 to the dollar.Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), revealed that the Naira lost ₦2.50.

This represents a 0.16 per cent loss when compared to the previous trading date on Thursday, trading at ₦1,481.49 to the dollar.

However, the volume of currency traded increased to $269.27 million on Friday up from $213.31 million recorded on Thursday.Meanwhile, at the Investor’s and Exporter’s (I&E) window, the Naira traded between ₦1,507.00 and ₦1,399.00 against the dollar.

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