- The value of the naira has depreciated further against the US dollar in the foreign exchange markets
- New data from FMDQ Securities shows that the naira lost 0.12% of its value on Friday in the official market
- It was a different story for the naira in the black market, as traders confirmed to Legit.ng an appreciation
Legit.ng journalist Dave Ibemere has over a decade of business journalism experience with in-depth knowledge of the Nigerian economy, stocks, and general market trends.
The naira has weakened further against the US dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM).
Data shows that the naira depreciated to N1,652.25/$1 after the close of trading on Friday, November 15,
Friday’s exchange rate represents a 0.12% or N2.05 loss in value compared to N1,650.20/$1, the naira exchanged in the previous session.
Market datashows that on Friday, there …