Naira depreciates by 0.6% against dollar

Naira depreciates by 0.6% – At the Investor’s and…

At the Investor’s and Exporter’s (I&E) window, the Naira traded between ₦1,690.00 and ₦1,620.00 against the dollar.

The Naira depreciated on Wednesday at the official market, trading at ₦1,681.65 to the dollar.

Data from the FMDQ Exchange’s official trading platform, which oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), revealed that Naira lost ₦10.33.

This represents a 0.61 per cent loss when compared to the previous trading date on Tuesday when it exchanged at ₦1,671.32 to a dollar.

Also, the total daily turnover was reduced to 196.78 million dollars on Wednesday, down from 218.77 million dollars recorded on Tuesday.

At the Investor’s and Exporter’s (I&E) window, the Naira traded between ₦1,690.00 and ₦1,620.00 against the dollar.
#Naira #depreciates #dollar

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