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

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