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Naira depreciates against dollar to end week on negative note

naira and dollars
Written by Areatatafo
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The depreciated against the dollar at the foreign exchange to end the week on a negative note.

FMDQ data showed that the naira weakened to N1641.27 per dollar on Friday from N1622.57 exchanged on Thursday, recording N18.7 loss.

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Meanwhile, the black market remained flat at N1700 per dollar on Friday, the same exchange rate traded on Thursday.

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In the week under review, the naira fluctuated between loss and gain against the dollar at the foreign exchange.

The fluctuation in the FX market has been a recurring decimal despite the interventions of the Central of Nigeria in the past months.


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