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Wednesday, May 22, 2024

Naira depreciates by 0.8% at N1,402.67/dollar at parallel market

The naira on Thursday slightly depreciated at the official market, trading at N1,402.67 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 N11.71

This represents a 0.84 per cent loss when compared to the previous trading date on Tuesday April 30, when it exchanged at N1,390.96 to a dollar.

However, the total daily turnover increased to $232.84 million on Thursday, up from $225.36 million recorded on Tuesday.

Meanwhile, at the Investor’s and Exporter’s (I&E) window, the naira traded between 1,445.00 and N1,299.42 against the dollar. (NAN)

Grace Alegba
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Also Read  Naira rebounds, gains N28.15 against dollar

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