Naira depreciates by 6.8% against dollar at official market

The Naira on Tuesday depreciated at the official market, trading at N1,658.97 to the dollar.

Data from the official trading platform of the FMDQ Exchange, revealed that the Naira lost N106.05.

This represents a 6.82 per cent loss when compared to the previous trading date on Monday when it exchanged at N1,552.92 to a dollar.

Also, the total daily turnover reduced to 217.86 million dollars on Tuesday down from 343.71 million dollars recorded on Monday.

At the Investor’s and Exporter’s (I&E) window, the Naira traded between N1,670.50 and N1,556.29 against the dollar.