Naira jumps to N1750 against dollar at official black FX markets

The naira further depreciated on Thursday, trading at N1675.49 to the dollar in the official market, down from N1631.17 on Wednesday as this reflects a loss of N44.32 in just one day.

At the parallel market, the naira held steady at N1750 per dollar, unchanged from the previous day.

This decline occurred despite an increase in foreign exchange transaction turnover, which rose to $166.61 million on Thursday from $128.98 million recorded on Wednesday.