The Naira experienced a slight depreciation on Thursday, trading at N1476.24 to the dollar at the official market, according to data from the FMDQ Exchange. This marks a decrease of N2.58 or 0.17% compared to the previous trading day, where it traded at N1,473.66 to the dollar.
Furthermore, the volume of currency traded reduced significantly, amounting 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 within the range of N1,500 and N1,400 against the dollar.
In the parallel market, the dollar was quoted at N1,485, while the pound sterling exchanged at N1,880.
advertisement
