Business

Naira drops against dollar at official market

The naira, on Friday, July 19, 2024, 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, July 18, when it exchanged at N1,566.82 to a dollar.

Also, the total daily turnover reduced to $250.67 million on Friday, down from $273.14 million recorded on Thursday.

Meanwhile, at the Investors and Exporters (I&E) window, the naira traded between N1,619 and N1,495 against the dollar.

The Star

Segun Ojo

Recent Posts

Christmas: Otuaro urges peace, unity in Niger Delta, hails backing for amnesty programme

The Administrator of the Presidential Amnesty Programme (PAP), Dr. Dennis Otuaro, has called on the…

20 minutes ago

Police arrest prison escapee, 21 others in nationwide operations

The Nigeria Police Force says its Special Tactical Squad has arrested a fugitive from a…

1 hour ago

FG deploys tactical teams as Shettima vows tough action against terrorists

The Federal Government has ordered the deployment of additional tactical security teams to Borno State…

1 hour ago

2027: Makinde’s comments reflect political anxiety — Adelabu

The camp of the Minister of Power and All Progressives Congress (APC) governorship hopeful in…

2 hours ago

7 injured in GNI building fire outbreak ― LASEMA

No fewer than seven persons have been confirmed injured in the fire incident at the…

3 hours ago

Sanwo-Olu urges calm over GNI building fire outbreak

Lagos State Governor Babajide Sanwo-Olu has urged residents of the state to remain calm following…

3 hours ago

This website uses cookies.