Dollar supply drops as Naira depreciates on Thursday …C0NTINUE READING HERE >>>
The supply of Dollar and other currencies dropped at the foreign exchange market as the Naira exchange rate depreciated on Thursday.
FMDQ data showed that the foreign exchange transactions turnover declined to $87.51 million on Thursday from $139.48 million recorded the previous day.
This represents a $57.97 million decrease in FX transactions turnover on a single day.
The development led to the depreciation of Naira to N1544.02 per dollar on Thursday for N1539.65 exchanged on…
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