Naira depreciates by 1.92% against dollar at official market

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The Naira on Friday depreciated at the official market, trading at N1,596.92 to the dollar.

Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), showed that the Naira lost N30.10.

This represents a 1.92 percent loss when compared to the previous trading date on Thursday when it exchanged at N1,566.82 to a dollar.

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Also, the total daily turnover reduced 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. (NAN)

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