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.
