On Thursday, the Naira depreciated further in the official market, trading at N1,675.49 per dollar.
According to data from the FMDQ Exchange—the platform overseeing the Nigerian Autonomous Foreign Exchange Market (NAFEM)—the local currency declined by N44.32, reflecting a 2.71% loss from Wednesday’s rate of N1,631.17 per dollar.
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Despite this drop, daily turnover rose significantly, reaching $166.61 million on Thursday, up from $128.98 million the previous day.
At the Investors and Exporters (I&E) window, the Naira traded within a range of N1,677 to N1,610 per dollar.
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