Naira loses 0.6% of its value in relation to the dollar

The value of the Naira fluctuated between ₦1,690.00 and ₦1,620.00 in relation to the dollar during the Investors and Exporters (I&E) window.

At the official market on Wednesday, the value of the Naira fell, trading at ₦1,681.65 to the US dollar.
Naira dropped ₦10.33, according to data from the official trading platform of the FMDQ Exchange, which manages the Nigerian Autonomous Foreign Exchange Market (NAFEM).

Compared to Tuesday’s previous trading date, when it was trading at ₦1,671.32 to the dollar, this indicates a 0.61 percent loss.

Additionally, the total daily turnover decreased from 218.77 million dollars on Tuesday to 196.78 million dollars on Wednesday.

The value of the Naira fluctuated between ₦1,690.00 and ₦1,620.00 in relation to the dollar during the Investors and Exporters (I&E) window.

Leave a Reply

Your email address will not be published. Required fields are marked *