Naira down to N1,625/$ in NAFEM
The Naira yesterday depreciated to N1,625.13 per dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM). Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N1,625.13 per dollar from N1,561.76 per dollar on Tuesday, indicating N63.37 depreciation for the naira. The volume of dollars traded (turnover) in the official market declined…