The naira depreciated against the dollar in the foreign currency market, ending the week on a sour note.
According to FMDQ statistics, the naira fell to N1,563.80 per dollar on Friday, from N1,554.65 on Thursday.
This reflects a N9.15 loss versus the dollar in the foreign currency market on Friday, compared to N1,554.65 exchanged the day before.
In a similar vein, the naira lost value versus the dollar on Friday, falling from N1,550 to N1,560 on the alternative foreign currency market. the day before.
This trend coincides with a decline in FX transaction turnover from $348.82 million on Thursday to $126.50 million on Friday.
The Central Bank of Nigeria recently sold $122.67 million to 45 authorized dealers, yet this did not stop the naira’s decline versus the dollar.
