Home Nigeria Naira begins week with depreciation against dollar

Naira begins week with depreciation against dollar

155
0

dailypost.ng

The naira returned to depreciation against the dollar at the foreign exchange market to kick off the week.

FMDQ data showed that the naira slightly weakened to N1603.16 on Monday from N1600.78 exchanged on Friday, recording a marginal N2.38 loss.

Similarly, at the parallel market, the naira dropped to N1730 per dollar on Monday from N1725 traded last week Friday.

This comes as FX transaction turnover on Monday stood at $359.22 on Monday, a slight increase from $350.72 million on Friday.

Previous articleDangote Refinery withdraws suit against NNPCL, others
Next article$500k Fuel Subsidy Bribe: Farouk Lawan regains freedom from Kuje prison

LEAVE A REPLY

Please enter your comment!
Please enter your name here