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Naira Depreciates Against Dollar | Citizen NewsNG

ByCitizen NewsNG

Jun 8, 2024

Naira-Dollar Notes 




The naira on Friday recorded 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, I&E window, the naira traded between N1,507.00 and N1,399.00 against the dollar.

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