Naira depreciates by 0.17% against dollar at official market

The naira on Thursday slightly depreciated at the official market, trading at N1476.24 to the dollar.

Data from the official trading platform of the FMDQ Exchange revealed that the naira lost N2.58.

This represents a 0.17 percent 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 decreased to $92.68 million on Thursday, down from $385.91 million recorded on Tuesday.

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