Naira loses further at official market amid cash crunch

Naira fell slightly against the United States’ dollar at the Investors and Exporters window on Friday, extending losses to two successive days at the spot market in the midst of currency scarcity across the country.

Data published on the FMDQ website, where forex is officially traded, showed the domestic currency closed at ₦461.75 per $1 on Friday— the last business day of this week.

This translates to N0.35 or 0.08 per cent depreciation from N461.40 to a dollar recorded in the previous session on Thursday.