Under Tinubu’s Govt, Naira Depreciates Further by 4.41% Against Dollar at Official Market, Hits N1670/$

The naira on Monday depreciated at the official market, trading at N1670.65 to the dollar.

Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market revealed that the naira lost N70.65.

This represents a 4.41 per cent loss compared to the previous trading date on Friday, October 25, when it exchanged at N1,600 to a dollar.

Also, the total daily turnover reduced to 81.17 million dollars on Monday down from 284.93 million dollars recorded on Friday.

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At the Investor’s and Exporter’s window, the naira traded between N1,677 and N1,585.67 against the dollar.

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