Naira depreciates by 0.17% against dollar at official market… loses N2.58

The Naira suffered a slight depreciation at the official market on Thursday as it traded at N1476.24 to the Dollar.

The Data from the official trading platform of the FMDQ Exchange that confirmed the depreciation revealed that the Naira lost N2.58.

This represents a 0.17 per cent loss when compared to the previous trading date on Tuesday when it traded at N1,473.66 to the dollar.

Also, the volume of currency traded reduced to $92.68 million on Thursday down from $385.91 million recorded on Tuesday.

At the Investor’s and Exporter’s (I&E) window, the Naira, however, traded between 1,500
and N1,400 against the dollar.