Naira depreciates by 0.05% against dollar, trades N1,476/$ at official market

The Naira on Tuesday recorded loss at the official market, trading at N1,476.95 to the dollar.

Data from the official trading platform of the FMDQ Exchange revealed that the Naira lost 83 kobo.

This represents a 0.06 per cent loss when compared to the previous trading date on Monday when it traded at N1,476.12 to the dollar.

However, the volume of currency traded increased to $236.99 million up from $121.87 million recorded on Monday.

Meanwhile, at the Investor’s and Exporter’s (I&E) window, the Naira traded between N1,500.00 and N1,362.15 against the dollar.