August 2, 2023.
Azonuchechi Chukwu.
Nigerian Naira depreciated against the US Dollar at the Investors and Exporters (I&E) window of the foreign exchange market on Tuesday, August 1.
The Nigerian currency depreciated by N32.14 or 4.25 per cent to settle at N789.08/$1, in contrast to the preceding day’s rate of N756.94/$1.
This came as the daily turnover published on FMDQ Securities Exchange witnessed no significant change, with the value of FX transactions marginally growing to $67.33 million from $67.21 million.
Also, in the parallel market, the local currency shed N7 against the Dollar during the trading session to trade at N872/$1 compared with Monday’s exchange rate of N865/$1.(www.naija247news.com).
Ifeoluwa Okonkwo ✔
Ifeoluwa Okonkwo is a dedicated News Content Editor at Naija247news, bringing over five years of experience in news writing and editorial work. A graduate of the University of Abia State, Ifeoluwa specializes in curating and refining impactful news stories that resonate with readers. Her expertise lies in delivering accurate, timely, and engaging content across diverse topics, contributing to the platform’s reputation for excellence in journalism. Through her leadership, she ensures high editorial standards and an unwavering commitment to journalistic integrity.
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