The bad performance of the Nigerian currency, Naira continued at the peer-to-peer (P2P) segment of the foreign exchange (forex) market, IgbereTV reports
On Friday at the P2P market, it depreciated against the United States Dollar by N16 to sell for N736/$1 compared with the previous day’s exchange rate of N720/$1.
Also, the Nigerian currency lost N2.80 or 0.66 per cent against the greenback in the Investors and Exporters (I&E) window of the FX market as it closed at N429/$1 in contrast to Thursday’s value of N426.20/$1.
It was observed that the domestic currency weakened against its American counterpart despite the value of forex trades going down during the session, according to data from the FMDQ Securities Exchange.
