The naira further depreciated at the official market on Thursday, October 31, 2024, trading at N1,675.49 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 local currency lost N44.32.
This represents a 2.71 per cent loss when compared to the previous trading date on Wednesday, when it exchanged at N1,631.17 to a dollar.
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However, the total daily turnover increased to $166.61 million on Thursday up from $128.98 million recorded on Wednesday.
At the Investors and Exporters (I&E) window, the naira traded between N1,677 and N1,610 against the dollar.
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