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Naira depreciates AGAIN

The Naira began the week on a sad note as it depreciated against the Dollar.

According to data from the FMDQ, the naira slightly weakened to ₦1603.16 on Monday from ₦1600.78 exchanged on Friday, recording a marginal ₦2.38 loss.

Similarly, at the parallel market, the naira dropped to ₦1730 per dollar on Monday from ₦1725 traded last week Friday.

This comes as FX transaction turnover on Monday stood at $359.22 on Monday, a slight increase from $350.72 million on Friday.

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