Friday, May 2, 2025

Naira looses N63.37 against dollar

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The Naira on Wednesday depreciated at the official market, trading at N1,625.13 to the dollar.

Data from the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market, NAFEM, revealed that the Naira lost N63.37.

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This represents a 4.05 per cent loss when compared to the previous trading date on Tuesday when it exchanged at N1,561.76 to a dollar.

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Also, the total daily turnover reduced to 170.6 million dollars on Wednesday down from 253.68 million dollars recorded on Tuesday.

At the Investor’s and Exporter’s, I&E, window, the Naira traded between N1,652 and N1,560 against the dollar.
NAN

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