Naira Depreciates Against Dollar At Official Market

Naira on Thursday depreciated at official market, trading at N1,675.49 to dollar.

Gatekeepers News reports that according to Data from official trading platform of FMDQ Exchange; naira lost N44.32.

This represents a 2.71 per cent loss compared to the previous trading date on Wednesday when naira was exchanged at N1,631.17 to one dollar.

Total daily turnover, however, increased to $166.61 million on Thursday up from $128.98 million recorded on Wednesday.

Naira traded between N1,677 and N1,610 against the dollar at Investor’s and Exporter’s (I&E) window.