Edited By Margret Oshinowo
The naira traded at a loss at the official market, depreciating to N1,402 against the dollar on Thursday.
FMDQ data showed that the Naira depreciated to N1402.67 per Dollar on Thursday from N1,390.96 on Tuesday.
This shows an N11.71 loss compared to the N1,390.96 recorded at the end of closing activities on Tuesday.
However, at the parallel market, the Naira appreciated to N1340 per Dollar on Thursday from N1360 per Dollar on Tuesday.
It was reported that the National President of the Association of Bureaux De Change of Nigeria, Aminu Gwadabe, said its plans to harmonise the retail end of foreign exchange will stabilise the Naira in the forex market.
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