Naira depreciates by 0.6% against dollar 

Thu, Nov 7, 2024
By editor
1 MIN READ

Economy

THE Naira depreciated on Wednesday at the official market, trading at N1,681.65 to the dollar.

Data from the FMDQ Exchange’s official trading platform, which oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), revealed that Naira lost N10.33.

This represents a 0.61 per cent loss when compared to the previous trading date on Tuesday when it exchanged at N1,671.32 to a dollar.

Also, the total daily turnover reduced to 196.78 million dollars on Wednesday, down from 218.77 million dollars recorded on Tuesday.

At the Investor’s and Exporter’s (I&E) window, the Naira traded between N1,690.00 and N1,620.00 against the dollar. (NAN)

A.I

Nov. 7, 2024

Tags:


Zulum reaffirms support for SMEs in Borno

GOV. Babagana Zulum of Borno has renewed his commitment to support  Small and Medium Enterprises (SMEs) to boost...

Read More
Nigerians bemoan soaring beans prices

A cross-section of Nigerians has expressed concern over the escalating cost of beans, a staple and formerly affordable...

Read More
IMF raises Ethiopia’s international reserves target after first review

THE International Monetary Fund has raised Ethiopia’s net international reserves target to facilitate payments of upcoming hard currency bills. The...

Read More