![](https://i0.wp.com/realnewsmagazine.net/wp-content/uploads/2024/04/Naira-To-Dollar-Exchange-Rates.png?fit=620%2C346&ssl=1)
Naira depreciates by 0.86% against dollar at official market
Economy
THE Naira on Monday depreciated at the official market, trading at N1,577.29 to the dollar.
Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), showed that the Naira lost N13.49.
This represents 0.86 per cent loss when compared to the previous trading date on Friday, July 12 when it exchanged at N1,563.80 to a dollar.
However, the total daily turnover increased to 153.53 million dollars on Monday, up from 126.50 million dollars recorded on Friday.
Meanwhile, at the Investor’s and Exporter’s (I&;E) window, the Naira traded between N1,590 and N1,470 against the dollar. (NAN)
A.I
July 16, 2024 @ 06:21 GMT|
Related Posts
![](https://i0.wp.com/realnewsmagazine.net/wp-content/uploads/2024/09/image-451.png?fit=676%2C445&ssl=1)
Naira appreciates to N1,645/$ in parallel market
THE Naira yesterday appreciated to N1,645 per dollar in the parallel market from N1,650 per dollar traded on Tuesday. Similarly,...
Read More![](https://i0.wp.com/realnewsmagazine.net/wp-content/uploads/2024/09/Minister-of-Finance-and-Coordinating-Minister-of-the-Economy-Wale-Edun-middle-at-the-inauguration-of-the-dollar-denominated-FGN-bond.jpg?fit=280%2C187&ssl=1)
FGN’s $500m dollar-denominated bond oversubscribed, records $900m
THE recently issued 500 million dollars Federal Government (FGN) bond has recorded a subscription of 900 million dollars, indicating an...
Read More![](https://i0.wp.com/realnewsmagazine.net/wp-content/uploads/2024/09/image-428.png?fit=221%2C228&ssl=1)
UK business expert tips Nigerian SMES on surviving Tinubu-era recession
A renowned business and management expert, Patricia Balogun, has proffered valuable advice to small and medium scale business owners on...
Read MoreMost Read
Subscribe to Our Newsletter
Keep abreast of news and other developments from our website.