The naira fell to N1675.49 and N1750 against the dollar in the official and parallel foreign exchange markets on Thursday.
According to FMDQ data, it further declined to N1675.49 per dollar on Thursday, down from N1631.17 on Wednesday.
This indicates a loss of N44.32 against the dollar from Wednesday’s rate.
the black market, the naira held steady at N1750 per dollar on Thursday, matching Wednesday’s exchange rate.
The naira’s depreciation occurred despite an increase in foreign exchange transaction turnover, which rose to $166.61 million on Thursday from $128.98 million the day before.
