The naira depreciated at the official market on Wednesday, October 2, 2024, trading at N1,669.15 to the dollar.
Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), revealed that the naira lost N127.21.
This represents an 8.24 per cent loss when compared to the previous trading date on Monday, September 30, when the local currency exchanged at N1,541.94 to a dollar.
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Also, the total daily turnover reduced to $176.45 million on Wednesday down from $181.86 million recorded on Monday.
Meanwhile, at the Investors and Exporters (I&E) window, the naira traded between N1,699 and N1,550 against the dollar.
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