The Naira exchanged to the US dollar at an average of N750/$1 on Thursday at the black market, depreciating by 1.63% from N738/$1 recorded during Wednesday’s trading session
The N750/$1 exchange rate was the lowest level recorded by the local currency since the beginning of the month.
Also, the Naira recorded a 0.0.93% depreciation against the US dollar at the Peer-2-Peer (P2P) cryptocurrency exchange, trading at a minimum of N753.94/$1 in the evening hours of Thursday, compared to N747/$1 it traded the previous day
Similarly, the Naira recorded a slight depreciation at the official Investors and Exporters window by 0.01% to close at N445.83/$1 on Wednesday, from N445.8/$1 recorded in the previous day.
Meanwhile, a total of $127.78 million exchanged hands at the market during the day.
Nigeria’s external reserve further dipped on Wednesdayto $36.96 billion, from $36.97 billion recorded as of the previous day.
