Nigerian naira depreciates against the dollar

The Nigerian naira has once again depreciated marginally against the dollar at the official foreign exchange market.

According to FMDQ data, the naira slightly depreciated to N1476.95 on Tuesday, compared to N1476.12 on Monday.

This is on the negative for the country as this indicates a loss even at the parallel market section.

Recall that as at March 31, the naira gained value, reaching N1,490 against the dollar.

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