On Monday, the naira depreciated in the official market, trading at N1,670.
Data from the FMDQ Exchange, which oversees the Nigerian Autonomous Foreign Exchange Market, revealed that the naira lost N70.65. This marks a 4.41 percent decline compared to the previous trading date, Friday, October 25, when it was valued at N1,600 to a dollar.
Additionally, total daily turnover plummeted to $81.17 million on Monday, down from $284.93 million recorded on Friday.
At the Investor’s and Exporter’s window, the naira fluctuated between N1,677 and N1,585.67 against the dollar.
