Naira depreciates by 2.4% against dollar at official market

The Naira on Friday closed the week weaker at the official market, trading at N1,678.87 to the dollar.

Data from the official trading platform of the FMDQ Exchange, revealed that the Naira lost N39.37

This represents a 2.4 per cent loss when compared to the previous trading date on Thursday when it exchanged at N1,639.50 to a dollar.

However, the total daily turnover increased to 1,403.76 million dollars on Friday up from 244.96 million dollars recorded on Thursday.

At the Investor’s and Exporter’s (I&E) window, the Naira traded between N1,698.50 and N1,609.00 against the dollar.

NAN