Naira continues to depreciate against dollar on Wednesday

Naira continues to depreciate against dollar on Wednesday …C0NTINUE READING HERE >>>

The naira continued its depreciation streak against the dollar at the foreign exchange market on Wednesday.

FMDQ data showed that the naira fell further to N1667.42 against the dollar on Wednesday from N1658.48 exchanged on Tuesday.

This represents N8.94 drop.

Further analysis showed that in the last 48 hours, the naira has lost N104.76 against the dollar at the official foreign exchange market.

Similarly, at the black market, the naira slumped to N1705 per dollar on Thursday from the…

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