
Naira depreciates by 1.92% against dollar at official market
Economy
THE Naira on Friday depreciated at the official market, trading at N1,596.92 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 N30.10.
This represents a 1.92 per cent loss when compared to the previous trading date on Thursday when it exchanged at N1,566.82 to a dollar.
Also, the total daily turnover reduced to 250.67 million dollars on Friday, down from 273.14 million dollars recorded on Thursday.
Meanwhile, at the Investor’s and Exporter’s (I&E) window, the Naira traded between N1,619 and N1,495 against the dollar. (NAN)
A.I
July 20, 2024 @ 06:57 GMT|
Related Posts

Inflation: Nigerians want FG to implement favorable policies
NIGERIANS have called on the Federal Government to implement effective policies to reduce inflation and strengthen the economy. Many residents...
Read More
Naira gains as CBN reforms show impact
THE Naira appreciated in the official market on Friday, trading at N1,492.49 against the Dollar. Data from the Central Bank...
Read More
Nigeria’s GDP Q4’24: A Strong finish, but challenges linger
NIGERIA’S economy wrapped up 2024 on a strong note, with GDP growing 3.84% in Q4’24, according to the National Bureau...
Read MoreMost Read
Subscribe to Our Newsletter
Keep abreast of news and other developments from our website.