Naira weakens against dollar amid increased FX turnover

The Naira experienced a significant depreciation against the dollar in July 2024, falling by ₦72.58 as Foreign Exchange (FX) turnover surged to $7.39 billion, according to the latest FMDQ financial market report. In the month of July, Nigeria’s FX turnover reached ₦11.48 trillion, a notable increase from the ₦10.01 trillion recorded in June. In [...]The post Naira weakens against dollar amid increased FX turnover appeared first on National Daily Newspaper.

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