The naira weakened against the United States dollar at the official market on Monday, after recording a major appreciation last Friday.
According to data published on the FMDQ website at the close of business Monday, the local unit closed at N809.02 per $1. This implies a 4.24 per cent depreciation from N776.14 recorded last Friday.
A review of the official market data published indicated that the naira commenced trading at N780.83 before it eventually settled at N809.02 on Monday.
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