The Nigerian currency, Naira, depreciated heavily at the Investors and Exporters (I&E) window of the foreign exchange market as its value slid by 1.34 percent or N5.71 against the American Dollar on Friday, July 15, IgbereTV reports
During the final session of the three-day trading week, the domestic currency closed at N430.33/$1 versus the N424.62/$1 it was sold in the previous session at the official FX market.
This happened despite not coming under demand pressure as the value of transactions plunged by 28.2 percent or $24.76 million to $63.19 million from the preceding session’s $87.95 million
