Naira down by 5.3%, exchanges for N1,300/$ at official market

The Naira on Tuesday traded for N1,300 to a dollar at the official market.

Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), revealed that the Naira lost N65.66 in today’s trading.

This represents a 5.3 percent loss when compared to the N1, 234.49 to a dollar the Nigerian currency traded on Monday.