The foreign exchange market opened on Friday with an indicative rate of N386.36k per dollar, which is a N1.01k loss to the value of the Naira when compared with N385.35k opened on Thursday at the Investors and Exporters (I&E) forex window.
The market closed on Thursday with Naira depreciating by N1.88k as the dollar was quoted at N386.38k from N384.50k closed on Wednesday.
At the black market, the cost of dollar remained unchanged at N440. The official rate at the Central Bank of Nigeria (CBN) official rate also remained stable at N361 per dollar.
