Naira Depreciates Marginally Against Dollar in NAFEM
The Nigerian naira weakened marginally against the US dollar at the Nigerian Autonomous Foreign Exchange Market (NAFEM), closing at N1,329.00/$ on September 24, compared to N1,328.00/$ recorded on September 23.
This represents a N1.00 depreciation, or 0.08%, in the value of the naira at the official foreign exchange market, according to data from the Central Bank of Nigeria (CBN).