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  • Business - Your Money
  • Updated: February 15, 2024

Again, Naira depreciates against dollar in exchange market

Again, Naira depreciates against dollar in exchange market

Again, Naira has depreciated against the US dollar on Wednesday.

According to data from FMDQ showed that the Naira depreciated to N1503.38 per US dollar on Wednesday from N1,499.07 on Tuesday.

This represents a N3.93 loss or a 0.26 per cent decrease.

Similarly, at the Parallel Market, Naira dropped to N1,545 per Dollar on Wednesday from N1,517 on Tuesday.

The depreciation came after the naira appreciated marginally against the dollar at the official FX market on Tuesday.

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