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Naira depreciates further against Dollar

An image depicting the exchange of Naira and Dollar

The Naira experienced a further decline against the Dollar at the foreign exchange market at the close of trading on Friday.

According to FMDQ Data, Naira depreciated to N1,482.72 against the Dollar on Friday from N1476.24 on Thursday.

This represents a depreciation of N6.48 against the dollar compared to the N1,476.24 traded on Thursday.

Meanwhile, at the parallel market, the naira traded for N1,490 against the dollar on Friday, the same figure as on Thursday.

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