Business

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

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.

First Bank wins Best SME Bank at Asian Banker Awards

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.

The Star

Segun Ojo

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