The Naira depreciated against the Dollar on Friday at the foreign exchange market to end the week on a negative note.
FMDQ data showed that the Naira depreciated to N1483.99 to Dollar on Friday from N1481.49 traded on Thursday.
This represents an N2.5 depreciation compared to the N1481.49 traded on Thursday when the Naira slightly appreciated.
On Wednesday, the Nigerian government confirmed it has received a $925 million disbursement from Afrieximbank as part of its $3.3 billion emergency crude oil repayment loan to stabilize the country’s forex shortage.
