Economy

THE Naira depreciated at the official market on Monday, trading at N1,676.90 to the dollar.

Data from the official trading platform of the FMDQ Exchange, a platform overseeing the Nigerian Autonomous Foreign Exchange Market (NAFEM), revealed that Naira lost N10.18.

This represents a 0.61 per cent loss when compared to the previous trading on Friday, Nov. 1, when it exchanged at N1,666.72 to a dollar.

Also, the total daily turnover reduced to 79.47 million dollars on Monday, down from 94.20 million dollars recorded on Friday.

At the Investor’s and Exporter’s (I&E) window, the Naira traded between N1,690.00 and N1,591.60 against the dollar. (NAN)

A.I

Nov. 5, 2024

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