The Naira depreciated in the official market on Monday, Business At N1670.65 against the dollar.
Data from the official trading platform of FMDQ Exchange, the platform overseeing the Nigerian Autonomous Foreign Exchange Market (NAFEM), showed that the Naira lost N70.65.
This represents a loss of 4.41 per cent compared to the last trading date on Friday, October 25, when it exchanged at N1,600 against one dollar.
Also, the total daily turnover declined from $284.93 million recorded on Friday to $81.17 million on Monday.
At the Investors and Exporters (I&E) window, the Naira traded between N1,677 and N1,585.67 against the dollar.
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(TagstoTranslate)Articles(T)FMDQ Exchange(T)Investors and Exporters (I&E)(T)Naira Notes(T)Nigerian Autonomous Foreign Exchange Market (NAFEM)
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