Nigeria: Naira depreciates by 4.41% against dollar at official market — Africa Links 24

The naira on Monday depreciated at the official market, trading at N1670.65 to the dollar.

Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market, NAFEM, revealed that the Naira lost N70.65.

This represents a 4.41 per cent loss when compared to the previous trading date on Friday, Oct. 25, when it exchanged at N1,600 to a dollar.

Also, the total daily turnover reduced to 81.17 million dollars on…