Naira slightly depreciates by 0.8% against dollar at official market
This represents a 0.84 percent loss when compared to the previous trading date on Tuesday, April 30, when it exchanged at 1,390.96 to a dollar.
The naira on Thursday slightly depreciated at the official market, trading at N1,402.67 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 N11.71
This represents a 0.84 percent loss when compared to the previous trading date on Tuesday, April 30, when it exchanged at 1,390.96 to a dollar.
However, the total daily turnover increased to 232.84 million dollars on Thursday, up from 225.36 million dollars recorded on Tuesday.
Meanwhile, at the Investor’s and Exporter’s (I&E) window, the naira traded between 1,445.00 and N1,299.42 against the dollar.