The naira depreciated against the dollar at the foreign exchange market to end the week on a negative note.
FMDQ data revealed that the naira depreciated to ₦1,563.80 against the dollar on Friday from the ₦1,554.65 traded on Thursday.
This represents ₦9.15 loss against the dollar at the foreign exchange market on Friday compared to ₦1,554.65 traded the previous day.
Similarly, at the parallel foreign exchange market, the naira depreciated to ₦1,560 against the dollar on Friday from ₦1,550 on Thursday.
The development comes as FX transaction turnover dropped to $126.50 million on Friday from $348.82 million on Thursday.
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