Top Newspaper
NCC Banner

Naira depreciates further against dollar at official market

On Monday, the naira depreciated at the official market, trading at N1,577.29 in the dollar.

The News Agency of Nigeria reports that the 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 a 0.86 per cent loss when compared to the previous trading date on Friday when it exchanged at N1,563.80 to a dollar.

However, the total daily turnover increased to $153.53 million on Monday, up from $126.50 million 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.

Related posts

 FG limits access to ‘student loans’ to only scholars from its own institutions

TOP Editor

Troops eliminate 152 terrorists, apprehend 109 in one week

TOP Editor

Protest: Biafrans have spoken with one voice —Ekpa

TOP Editor

I was 25% deaf without knowing – Obasanjo

TOP Editor

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More