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

APC mocks Obi over claim of victory without evidence

The All Progressives Congress (APC) has criticised former Labour Party presidential candidate Peter Obi over…

9 hours ago

OAU lecturer wins $5m Gates Foundation grant to tackle maternal deaths in Nigeria

An Obafemi Awolowo University (OAU), Ile-Ife, researcher, Prof. Ibraheem Awowole, has secured a $5 million…

10 hours ago

Nigerian Army graduates new Special Forces battalion to tackle terrorism

The Nigerian Army has graduated a new Special Forces battalion to strengthen counter-terrorism operations and…

11 hours ago

Court remands terrorist over 170 AK-47 rounds in Kuje prison

A Federal High Court in Abuja has ordered the remand of a terrorism suspect, Muhammad…

11 hours ago

Wike orders demolition of illegal beer parlours in Abuja

The Minister of the Federal Capital Territory (FCT), Nyesom Wike, has directed security agencies and…

11 hours ago

Kaduna has integrated mental health into primary, secondary healthcare — Uba Sani

Kaduna State Governor, Uba Sani, says his administration has integrated mental healthcare into the state’s…

12 hours ago

This website uses cookies.