Economy
THE Naira on Thursday further slumped at the official market, trading at N1,675.49 to the dollar.
Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), revealed that the local currency lost N44.32.
This represents a 2.71 per cent loss when compared to the previous trading date on Wednesday, when it exchanged at N1,631.17 to a dollar.
However, the total daily turnover increased to 166.61 million dollars on Thursday up from 128.98 million dollars recorded on Wednesday.
At the Investor’s and Exporter’s (I&E) window, the Naira traded between N1,677 and N1,610 against the dollar. (NAN)
A.I
Nov. 1, 2024
Tags: Naira further depreciates by 2.7% against dollarRelated Posts
Most Read
EducationABU International Studies Alumni offers scholarships to 20 indigent students By editor1 MIN 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
AfricaRegional workshop series on African Continental Free Trade Agreement organized for key economic stakeholdersBy editor1 MIN READ
