Home Business Naira drops at official market, exchanges N1,476/$

Naira drops at official market, exchanges N1,476/$

June 5, 2024

The naira, on Tuesday, June 4, 2024, recorded a loss at the official market, trading at N1,476.95 to the dollar.

Data from the official trading platform of the FMDQ Exchange revealed that the naira lost 83 kobo.

This represents a 0.06 per cent loss when compared to the previous trading date on Monday when it traded at N1,476.12 to the dollar.

However, the volume of currency traded increased to $236.99 million up from $121.87 million recorded on Monday.

Meanwhile, at the Investors and Exporters (I&E) window, the naira traded between N1,500.00 and N1,362.15 against the dollar.