The Nigerian naira on Thursday, closed at N996 per dollar at the official market, otherwise called the Nigerian Autonomous Foreign Exchange Market (NAFEM).
Data from FMDQ Securities Exchange, showed that the naira hit an intra-day trading high of N1,100 to the dollar, and a low of N744.
According to FMDQ, he market opened at N794.83 to the dollar and closed at N996.75 on Thursday. This marks a loss of N122.04 relative to the N874.71 recorded on Wednesday.
The total value of trades recorded at NAFEM stood at $228.54 million.
Meanwhile, at the parallel section of the market, the naira appreciated by 14.81 percent to close at N1,150 per dollar on Thursday — from N1,135 a dollar on Wednesday.
Leave a Reply