Naira depreciates as dollar supply drops on Monday …C0NTINUE READING HERE >>>
The naira depreciated against the dollar at the foreign exchange market to resume the week amid a drop in FX transaction turnover.
FMDQ data showed that the naira dropped to N1,562.66 against the dollar on Monday from N1,541.02 per dollar recorded last Friday.
This represents N21 loss.
Similarly, at the parallel foreign exchange market, the naira fell slightly to N1,665 per dollar on Monday from N1,663 exchanged last Friday.
The development comes as the foreign exchange transaction…
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