ECONOMY

Naira depreciates by 0.17% against dollar at official market

Published

5 months ago

June 14, 2024

Grace Alegba

The Naira on Thursday slightly depreciated at the official market trading at N1476.24 to the dollar.

Data from the official trading platform of the FMDQ Exchange, revealed that the Naira lost N2.58.

This represents a 0.17 per cent loss when compared to the previous trading date on Tuesday when it traded at N1,473.66 to the dollar.

Also, the volume of currency traded reduced to $92.68 million on Thursday down from $385.91 million recorded on Tuesday.

Meanwhile, at the Investor’s and Exporter’s (I&E) window, the Naira traded between 1,500
and N1,400 against the dollar.

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Grace Alegba

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