Business

Naira Depreciates By 0.5% Against The Dollar

On Wednesday, the Naira depreciated in the official market, trading at N1,687.52 per dollar.

Data from the FMDQ Exchange’s official trading platform showed the Naira lost N8.59, reflecting a 0.51% decline compared to Tuesday’s rate of N1,678.93. However, the total daily turnover rose to $173.29 million, up from $128.59 million the previous day.

At the Investor’s and Exporter’s (I&E) window, the Naira fluctuated between N1,705 and N1,601.50 per dollar.

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