Naira loses at official market

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Foreign exchange supply plummeted by 77.00 per cent to $108.83 million.

Naira fell slightly against the U.S. dollar at the official market on Monday, as foreign exchange supply dropped significantly at the market segment.

Data from FMDQ securities exchange window, also known as the Investor and Exporters window where forex is officially traded showed naira closed at N413. 55 per $1. Monday’s performance implies N0.17 or 0.04 per cent depreciation from N413.38 it exchanged hands with the greenback currency on Thursday last week.

This happened as foreign exchange supply plummeted by 77.00 per cent with $108.83 million recorded as against the $467.56 million recorded at the close of business on Monday . The local unit touched an intraday high of N404.00 and a low of N415.50 before closing at N413.55 per $1 on Monday.In Uyo, dealers said it traded at N575.00 a dollar. The same rate it traded in the previous session on Thursday last week.

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No be news

Allah y sawake

Omo, naira is losing in silence ooo.. Hey gawd!

200$ now na more than 100k o but,😂😂😂200naira na😂😂four butter pies 😂😂😂😂😂😂. This country is really going somewhere 👨🏾‍🦯👨🏾‍🦯👨🏾‍🦯🇳🇬🇳🇬🇳🇬🇳🇬

I've said this before and ill say it again. $1 will be covalent to N1000 before 2023

You guys wont tell me you posted this info using VPN!🤢... Sorry for you all.... nah only naira but ya all lose at same official market 🖕

AbokiFX cause this... nobody is telling me otherwise

Is this even news?

Na lose Naira dé always lose

As usual

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