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Naira Depreciates By 0.16% Against Dollar At Official Market

BREAKING: Exchange rate opens week at N1,380 at parallel market -  Nairametrics

THE naira on Friday recorded a loss at the official market, trading at N1,483.99 to the dollar.

Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), revealed that the Naira lost N2.50.


This represents a 0.16 percent loss when compared to the previous trading date on Thursday, trading  at N1,481.49 to the dollar.

However, the volume of currency traded increased to $269.27 million on Friday, up from $213.31 million recorded on Thursday.

Meanwhile, at the Investor’s and Exporter’s (I&E) window, the naira traded between N1,507.00 and N1,399.00 against the dollar.

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