The naira, on Monday, July 15, 2024, depreciated at the official market, trading at N1,577.29 to the dollar.
Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), showed that the naira lost N13.49.
This represents 0.86 per cent loss when compared to the previous trading date on Friday, July 12, when the currency exchanged at N1,563.80 to a dollar.
Nigeria’s inflation rate hits 34.19%
However, the total daily turnover increased to $153.53 million on Monday, up from $126.50 million recorded on Friday.
Meanwhile, at the Investors and Exporters (I&E) window, the naira traded between N1,590 and N1,470 against the dollar.
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