Business

Naira hits N1,675/$ at official market

The naira further depreciated at the official market on Thursday, October 31, 2024, trading at N1,675.49 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 local currency lost N44.32.

This represents a 2.71 per cent loss when compared to the previous trading date on Wednesday, when it exchanged at N1,631.17 to a dollar.

EFCC recovers N248bn, $105m, secures 3,455 convictions in one year

However, the total daily turnover increased to $166.61 million on Thursday up from $128.98 million recorded on Wednesday.

At the Investors and Exporters (I&E) window, the naira traded between N1,677 and N1,610 against the dollar.

The Star

Segun Ojo

Recent Posts

Lawyers condemn attempt to arrest El-Rufai at Abuja airport

Lawyers to former Kaduna State Governor, Malam Nasir Ahmad El-Rufai, has accused security operatives of…

35 minutes ago

Kaduna psychiatric hospital criticises NANNM over ongoing strike

The management of the Federal Neuro-Psychiatric Hospital, Kaduna, has faulted the strike action embarked upon…

48 minutes ago

Aide: Security agents attempted to arrest El-Rufai at Abuja airport

Muyiwa Adekeye, the Media Adviser to former Kaduna State Governor Nasir El-Rufai, says security operatives…

1 hour ago

Shettima departs Abuja to represent Tinubu at AU summit in Ethiopia

Vice President Kashim Shettima has departed Abuja for Addis Ababa, the capital of Ethiopia, to…

2 hours ago

Terrorists abduct, kill Army Varsity professor on Maiduguri-Damboa highway

Suspected fighters of the Islamic State West Africa Province (ISWAP) have reportedly killed Professor Abubakar…

2 hours ago

US lawmakers propose bill targeting Fulani militias, Chinese illegal mining in Nigeria

A group of United States lawmakers has introduced a bill seeking closer collaboration between Washington…

2 hours ago

This website uses cookies.