See the Current Value of Nigeria Naira to US Dollar in Official Market
On Monday, the naira weakened in the official market, trading at N1,670.65 to the dollar. According to data from the FMDQ Exchange, which monitors the Nigerian Autonomous Foreign Exchange Market, this marks a decline of N70.65 from the previous rate.
This depreciation reflects a 4.41% drop compared to Friday, October 25, when the exchange rate was N1,600 to the dollar. Additionally, daily turnover fell significantly, decreasing to $81.17 million from $284.93 million recorded on Friday.
In the Investors and Exporters (I&E) window, the naira fluctuated between N1,677 and N1,585.67 against the dollar.
