BREAKING: Naira Crumbles At Official Window, Trades N1,169/$ –

BREAKING: Naira Crumbles At Official Window, Trades N1,169/$

The Naira on Friday experienced a slight fall at the official window, trading at N1,169.99 to the dollar.

Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), revealed that the Naira dropped by 1.38 per cent as against the N1,154.08/$ traded on April 18.

The local currency, on the other hand, depreciated by 17.14 per cent to N1,230 per dollar — from N1,050/$ on April 17.