The Nigerian currency, Naira, fell against the U.S dollar on the official market despite decrease in market activity.
Data posted on the FMDQ Security Exchange where forex is officially traded showed the Naira closed at N411.67 per $1.
Yesterday’s closing exchange rate implies a N0.17 or 0.04 percent devaluation from N411.50 the rate it traded in the previous session on Wednesday.
READ ALSO: Naira worsens against Ghana’s Cedi, South Africa’s Rand, others
Market activity saw Forex turnover decreased by 43.21 per cent with $109.47 million posted as against the $192.75 million recorded in the previous day.
Meanwhile, according to data posted on abokiFX, the black market currency rate remained at N500.00 per U.S dollar.
Naira also remained at N710 for the British pounds and N595 to the Euro it exchanged the previous day.
You may be interested
Europa League: Roma Boss Picks Boniface, Tella Among Leverkusen’s Dangerous Players
Webby - May 1, 2024AS Roma manager Daniel De Rossi Is wary of the threat posed by Bayer Leverkusen duo, Victor Boniface and Nathan…
UCL: Bayern Munich, Real Madrid Battle To Thrilling Draw
Webby - April 30, 2024Bayern Munich and Real Madrid battled to a 2-2 draw in an entertaining Champions League semifinal, first leg on Tuesday.Thomas…
Super Eagles Must Qualify For 2026 World Cup – NFF Tasks Finidi
Webby - April 30, 2024Newly appointed Super Eagles head coach Finidi George has been tasked with the responsibility of ensuring the team’s qualify for…