The Naira depreciated against the dollar on Friday at the foreign exchange market.
According to FMDQ data, the Naira weakened to ₦1678.87 per dollar on Friday from the ₦1639.50 exchange rate on Thursday.
This represents a ₦39.37 depreciation against the dollar compared to ₦1678.87 exchanged on Thursday.
Related || Naira records significant gain against Dollar
The parallel or black market recorded a different story as the naira gained ₦10 to exchange at ₦1740 per dollar on Friday compared to ₦1750 recorded the previous day.
The development comes as Foreign Exchange transactions turnover surged astronomically to $1403.76 million on Friday from $244.96 million on Thursday, according to FMDQ data.
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