Naira Crashes To N1,419 Against Dollar At Official Market

The naira, on Monday, April 29, 2024, further depreciated at the official market, trading at N1,419.11 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 N79.88

This represents a 5.96 per cent loss when compared to the previous trading date on Friday, April 26, when it exchanged at N1,339.23 to a dollar. Also, the total daily turnover reduced to 147.83 million dollars on Monday, down from 309.01 million dollars recorded on Friday. Meanwhile, at the Investors and Exporters (I&E) window, the naira traded between N1,451.00 and N1,060.00 against the dollar.