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Naira loses at official market

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At the black market in Abuja and Uyo, dealers exchanged the naira at N586.00 per $1 on Wednesday.

Naira fell against the U.S. dollar at the official market on Wednesday, extending its decline to two consecutive days.

At the close of business on Wednesday, the naira closed at N419.33 to a dollar, implying a N0.83 or 0.2 per cent loss from N418.50 it exchanged hands with the hard currency in the previous session on Tuesday, data published by FMDQ, where forex is officially tradedThe domestic unit which opened trading at 418.38 to a dollar, oscillated to an intraday high of N410.00 and a low of N444.00 before closing at N419.33 per $1 on Wednesday.Meanwhile, foreign exchange supply dipped by 24.

 

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U fit borrow me this money wey de your hand make i use am chop take see wetin de occur for official market

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