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Naira Watch

Naira falls by 0.7%, exchanges for N1, 309/$ at official market



Naira continues free fall against U.S dollar

The Naira exchanged for N1, 309.39 to a dollar at the official market on Thursday.

Data from the official trading platform of the FMDQ revealed that the Naira lost N8.96 or 0.69 percent in today’s trading.

The Naira traded for N1,300.43 to a dollar on Wednesday.

READ ALSO: Naira up by 6%, closes N1, 300/$ at official market

However, the total turnover increased to $857.78 million on Thursday up from $416.10 million recorded on Wednesday.

Meanwhile, at the Investor’s and Exporters (I&E) window, the Naira traded between N1,392 and N1,250 to a dollar.

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