The Naira has once again begun to depreciate against the Dollar in the foreign exchange market, according to recent data from FMDQ.

The Naira's value dropped to N1402.67 per Dollar on Thursday, a decrease from N1,390.96 recorded on Tuesday, marking an N11.71 loss. However, there was a contrasting trend at the parallel market, where the Naira actually appreciated to N1340 per Dollar on Thursday from N1360 per Dollar on Tuesday.

In light of these fluctuations, Aminu Gwadabe, the National President of the Association of Bureaux De Change of Nigeria, has announced plans to harmonize the retail end of foreign exchange, aiming to stabilize the Naira in the forex market.