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Naira slightly depreciates against dollar at official market

At the Investor’s and Exporter’s (I&E) window, the naira traded between ₦1,445.00 and ₦1,299.42 against the dollar.
Dollar and Naira [THISDAYLIVE]
Dollar and Naira [THISDAYLIVE]

The naira on Thursday slightly depreciated at the official market, trading at 1,402.67 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 11.71

This represents a 0.84% 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 1,299.42 against the dollar.

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