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FMDQ data showed that the naira slightly weakened to
N1,485.36 against the dollar on Thursday from N1,483.02 on Wednesday.
This represents an N2.34 loss against the dollar compared to
the N1,483.02 traded on the previous day.
Similarly, the naira depreciated to N1,490 against the
dollar on Thursday from N1,470 traded on Wednesday at the parallel market.
The development comes despite the turnover of FX
transactions at the FMDQ market increased to $176.20 million on Thursday from
$150.73 million the previous day.
The naira earlier recorded a marginal loss against the
dollar on Wednesday.
.jpeg & description=Naira Depreciates at Parallel Market, Official Window){kind=link}
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