The Naira depreciated by over 40 percent in the half quarter of 2024 at the foreign exchange market. The FMDQ data showed that the Naira weakened to N1505.30 per dollar on Friday from between N896.6 and N907.11 it closed on 29th December 2023. The figure showed that the Naira had continued its instability against other currencies in the last months despite a streak of months of appreciation before depreciation set in mid-April 2024. The Naira reached its highest peak of N1,665.50 in February 2024 and lowest point in April when it stood at 1,140 and N1,230.61 at the official and parallel foreig…