Naira continues decline at official market, trades N1419 = $1

The Naira on Monday further depreciated at the official market, trading at N1,419.11 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 N79.88

This represents a 5.96 per cent loss when compared to the previous trading date on Friday, April 26, when it was exchanged at N1,339.23 to a dollar.

Also, the total daily turnover was reduced to 147.83 million dollars on Monday, down from 309.01 million dollars recorded on Friday.

Meanwhile, at the Investor’s and Exporter’s (I&E) window, the Naira traded between N1,451.00 and N1,060.00 against the dollar.