For the umpteenth time, Nigerian currency Naira on Tuesday depreciated at the official market, trading at N1,300.15 to the dollar.
Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), revealed that the Naira lost N65.66.
This represents a 5.3 per cent loss when compared to the previous trading date on Monday, April 22, when it exchanged at N1,234.49 to a dollar.
However, the total daily turnover increased to 133.65 million dollars on Tuesday up from 110.17 million dollars recorded on Monday.
Meanwhile, at the Investor’s and Exporter’s (I&E) window, the Naira traded between N1,317.00 and N1,000.00 against the dollar.
Nigerian Tribune
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