Naira ends year with 96.55% loss to dollar at official market
Posted: December 31st, 2023, 9:51 am
The foreign exchange (FX) market trading closed for the year on Friday with naira losing 96.55 percent of its value against the dollar at the official market.
At the end of 2023 trading, naira depreciated by 96.55 percent year-on-year as the dollar was quoted at N907.11 on Friday compared to N461.61 quoted at the end of 2022 at the Nigeria Autonomous Foreign Exchange Market (NAFEM), data compiled by BusinessDay from the FMDQ indicated.
On a day to day basis, naira appreciated by 13.04 percent as the dollar was quoted at N907.11 on Friday as against N1,043.09 on Thursday.
https://businessday.ng/news/article/nai ... al-market/
At the end of 2023 trading, naira depreciated by 96.55 percent year-on-year as the dollar was quoted at N907.11 on Friday compared to N461.61 quoted at the end of 2022 at the Nigeria Autonomous Foreign Exchange Market (NAFEM), data compiled by BusinessDay from the FMDQ indicated.
On a day to day basis, naira appreciated by 13.04 percent as the dollar was quoted at N907.11 on Friday as against N1,043.09 on Thursday.
https://businessday.ng/news/article/nai ... al-market/
