The naira, on Friday, October 11, 2024, depreciated at the official market, trading at N1,641.27 to the dollar.
Data from the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), revealed that the naira lost N82k.
IMF lowers borrowing costs by $1.2bn annually
This represents a 1.15 per cent loss when compared to the previous trading date on Thursday, October 10, when it exchanged at N1,640.45 to a dollar.
At the Investors and Exporters (I&E) window, the naira traded between N1,675 and N1,591 against the dollar.
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