Naira depreciated against the U.S. dollar at the official market on Friday, a day after the currency recorded a marginal gain at the spot market.
The currency declined 0.66 per cent to N429.00 per dollar on Friday from N426.20 it traded at the Nafex window in the previous session on Thursday, data posted on theBefore the close of business on Friday, the domestic currency jumped to a high of N406.00 and crashed to a low of N444.00 before closing at N429.00 at the authorized foreign-exchange market.
At the Uyo black market, currency dealers said they bought the dollar at N690.00 and sold at N700.00 to a dollar, while Abuja exchangers said naira was exchanged at N700.00 $1 on Friday.
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