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

NAFDAC seizes N350m fake alcohol, shuts illegal factories In Lagos

The National Agency for Food and Drug Administration and Control has dismantled two illegal production…

31 minutes ago

Wike-backed PDP releases 2027 election timetable, pegs presidential form at N51m

The Minister of Federal Capital Territory (FCT), Nyesom Wike-backed Peoples Democratic Party (PDP) has released…

1 hour ago

Power Minister resigns to contest Oyo governorship

Minister of Power Adebayo Adelabu has resigned his cabinet position to pursue the governorship of…

2 hours ago

Wale Edun resigned as Finance Minister on health grounds — Presidency

The Presidency has clarified that former Finance Minister Wale Edun and former Housing Minister Ahmed…

3 hours ago

CAN warns cleric over remarks on Adeboye, Oyedepo, Kumuyi

The Christian Association of Nigeria has issued a stern warning to Rev. Isaac Omolehin, founder…

3 hours ago

Nigeria’s ambassador-designate to Algeria dies at 50

The Federal Government has announced the death of Mohammed Mahmud Lele, Nigeria's ambassador-designate to Algeria,…

3 hours ago

This website uses cookies.