Naira falls against dollar by 0.7%

Naira falls against dollar by 0.7%

The Naira experienced a slight depreciation at the official market, trading at N1,309.39 to a dollar on Thursday.

Data from the official trading platform of the FMDQ revealed that the Naira lost N8.96 or 0.69 per cent, compared to the previous day’s rate of N1,300.43 against the dollar.

Read Also: Army determined to defeat terrorists, bandits – COAS

However, the total turnover increased to $857.78 million on Thursday, up from $416.10 million recorded on Wednesday.

Read Also: Police arrest 10-year old boy for strangling mate to death during football match

Meanwhile, at the Investor’s and Exporters’ (I&E) window, the Naira traded between N1,392 and N1,250 against the dollar.