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: nairaRelated Posts
Most Read
AfricaEnergy Industry Congratulates John Mahama on Re-election, Commends Progress in Oil and Gas SectorBy editor1 MIN READ
BusinessAFAWA initiative teams with African Guarantee Fund, Bank of Industry for $50m financing agreement targeting Nigerian small and medium enterprisesBy editor1 MIN READ
BusinessAfreximbank participates in Bank of Industry Nigeria’s syndicated facility of up to EUR 2-billionBy editor1 MIN READ
EducationABU International Studies Alumni offers scholarships to 20 indigent students By editor1 MIN READ
