Business

Naira exchanges N1,483/$ at official market

The naira, on Friday, June 7, 2024, recorded a loss at the official market, trading at N1,483.99 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 N2.50.

This represents a 0.16 per cent loss when compared to the previous trading date on Thursday, trading at N1,481.49 to the dollar.

N180bn debt: DisCo vows to disconnect Govt Houses, CBN, army, others

However, the volume of currency traded increased to $269.27 million on Friday up from $213.31 million recorded on Thursday.

Meanwhile, at the Investors and Exporters (I&E) window, the naira traded between N1,507.00 and N1,399.00 against the dollar.

The Star

Segun Ojo

Recent Posts

Brazil sues Shell for $108m over 2024 floods

Brazilian prosecutors have filed an unprecedented lawsuit against oil giant Shell's subsidiary in the country,…

8 hours ago

INEC omits PDP’s Adebutu, Pantami from final 2027 governorship lists

The Independent National Electoral Commission (INEC) has excluded the Peoples Democratic Party (PDP) from the…

9 hours ago

US inmate who survived failed execution returns to prison

A United States death row inmate who survived a botched lethal injection in Tennessee has…

9 hours ago

South African great-grandmother jailed for 20 years over deaths of three children

A 71-year-old South African woman has been sentenced to 20 years in prison for killing…

11 hours ago

Portugal suspends Ronaldo after Nations League walkout

Portugal forward Cristiano Ronaldo has been provisionally suspended by the Portuguese Football Federation (FPF) over…

11 hours ago

2027: NDC to inaugurate Obi-Kwankwaso campaign council October 20

The Nigeria Democratic Congress (NDC) will inaugurate its presidential campaign council on October 20 as…

12 hours ago

This website uses cookies.