Naira loses 0.04% against US dollar, trades at N1,631.17/$1

The Naira, on Wednesday, suffered slight depreciation at the official market, trading at N1,631.17 to the dollar.

Data from the official trading platform of the FMDQ Exchange revealed that the Naira declined against the dollar by 72 kobo.

It represents a 0.04 per cent loss compared to the previous trading date on Tuesday, when it was exchanged at N1,630.45 to a dollar.

Also, the total daily turnover reduced to $128.98 million on Wednesday, down from $242.59 recorded on Tuesday.

At the Investor’s and Exporter’s (I&E) window, the Naira traded between N1,684 and N1,575 against the dollar. 

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