Naira records marginal loss in official forex market

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.

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

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.

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

NAN

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