Again, Naira Slumps Against Dollar

The Naira on Wednesday slightly depreciated at the official market, trading at N1,631.17 to the dollar.

Data from the official trading platform of the FMDQ Exchange, revealed that the Naira declined against the dollar by 72 kobo.

This represents 0.04 per cent loss when compared to the previous trading date on Tuesday, when it was exchanged at N1,630.45 to a dollar.

Also, the total daily turnover reduced to 128.98 million dollars on Wednesday down from 242.59 recorded on Tuesday.

At the Investor’s and Exporter’s (I&E) window, the Naira traded between N1,684 and N1,575 against the dollar.

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