The naira on Monday depreciated at the official market, trading at ₦1,577.29 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 ₦13.49.
This represents 0.86% loss when compared to the previous trading date on Friday, July 12 when it exchanged at ₦1,563.80 to a dollar.
However, the total daily turnover increased to 153.53 million dollars on Monday, up from 126.50 million dollars recorded on Friday.
Meanwhile, at the Investor’s and Exporter’s (I&E) window, the naira traded between ₦1,590 and ₦1,470 against the dollar.