Naira records marginal loss in official forex market

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The Naira on Friday closed the week with a marginal depreciation at the official foreign exchange market, trading at N1,380.93 to the dollar.

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Data published on the official website of the Central Bank of Nigeria showed that the local currency lost 82 kobo.

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This represented a 0.05 per cent decline when compared with Thursday’s rate of N1,380.10.

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The currency, however, opened the week on a positive note, trading at N1,369.10 on Monday, June 22.

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It later depreciated to N1,370.63 on Tuesday and further weakened to N1,380.07 on Wednesday.

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