16.1 C
New York
Tuesday, November 5, 2024

Naira depreciates by 1.92% against dollar at official market

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)

Grace Alegba
+ posts

Related Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

3,500FansLike
3,028FollowersFollow
500FollowersFollow

Latest Articles