Business

Naira crashes to N1,419 against dollar at official market

The naira, on Monday, April 29, 2024, further depreciated at the official market, trading at N1,419.11 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 naira lost N79.88

This represents a 5.96 per cent loss when compared to the previous trading date on Friday, April 26, when it exchanged at N1,339.23 to a dollar.

Naira loses against dollar at official market, trades at N1,308.52/$

Also, the total daily turnover reduced to 147.83 million dollars on Monday, down from 309.01 million dollars recorded on Friday.

Meanwhile, at the Investors and Exporters (I&E) window, the naira traded between N1,451.00 and N1,060.00 against the dollar.

The Star

Segun Ojo

Recent Posts

FG arraigns Borno youth leader Kaigama over terrorism charges

The Federal Government has arraigned the President of the Borno State Youths Association (BOSYA), Samaila…

5 hours ago

NSCDC uncovers theft at Jigawa nursing school, arrests four

Operatives of the Nigeria Security and Civil Defence Corps (NSCDC) have arrested four suspects over…

6 hours ago

Finance ministry debunks N50,000 recruitment fee, warns applicants

The Federal Ministry of Finance has disowned a fake message demanding N50,000 from newly recruited…

6 hours ago

DSS re-arraigns convicted Ansaru commanders, others over Oyo teachers’ killings

The Department of State Services (DSS) on Wednesday rearraigned two convicted Ansaru terrorist commanders and…

7 hours ago

Police detain Osun SSG, recover cash during raid

The Osun State Police Command has detained Secretary to the State Government, Teslim Igbalaye, along…

7 hours ago

Reps panel declares PFIPC DG’s appointment letter forged

The House of Representatives Ad Hoc Committee probing the activities of the controversial Presidential Foreign…

7 hours ago

This website uses cookies.