Naira slightly depreciates against dollar at official market

Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), showed that the naira lost ₦11.71

This represents a 0.84% loss when compared to the previous trading date on Tuesday, April 30, when it exchanged at 1,390.96 to a dollar.

However, the total daily turnover increased to 232.84 million dollars on Thursday, up from 225.36 million dollars recorded on Tuesday.

Meanwhile, at the Investor’s and Exporter’s (I&E) window, the naira traded between ₦1,445.00 and ₦1,299.42 against the dollar.