Friday, May 2, 2025

Naira slightly depreciates by 0.8% against dollar

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The naira on Thursday slightly depreciated at the official market, trading at N1,402.67 to the dollar.

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 N11.71

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

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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 N1,299.42 against the dollar.

READ ALSO:   20% of Nigerians lost their jobs due to COVID-19 in 2020 — UNDP/NBS report

NAN

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