Business

Naira hits N1,681/$ at official market

The naira depreciated at the official market on Wednesday, November 6, 2024, trading at N1,681.65 to the dollar.

Data from the FMDQ Exchange’s official trading platform, which oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), revealed that naira lost N10.33.

This represents a 0.61 per cent loss when compared to the previous trading date on Tuesday when it exchanged at N1,671.32 to a dollar.

U.S. election: Dollar, Bitcoin soar as Trump nears victory

The total daily turnover also reduced to $196.78 million on Wednesday, down from 218.77 million dollars recorded on Tuesday.

At the Investors and Exporters (I&E) window, the Naira traded between N1,690.00 and N1,620.00 against the dollar.

Segun Ojo

Recent Posts

Nagelsmann resigns as Germany coach after World Cup exit as Klopp sets to take over

Julian Nagelsmann has resigned as the head coach of Germany, with former Liverpool manager Jurgen…

1 hour ago

Again, stock market investors lose N878bn amid sell-offs

The Nigerian stock market extended its losing streak on Thursday, July 2, 2026, as investors…

4 hours ago

Tinubu teases wife with ‘Iya Alakara’ amid kuli kuli, akara empowerment remarks

President Bola Tinubu on Thursday drew laughter at the Presidential Press Corps Dinner in Abuja…

4 hours ago

Portugal survive drama against Croatia to reach World Cup last 16

Portugal reached the FIFA World Cup Round of 16 after defeating Croatia 2-1 in a…

4 hours ago

Why we don’t cut petrol prices in line with global oil price drop — Dangote refinery

Dangote Petroleum Refinery has defended its petroleum product pricing strategy, insisting that recent reductions in…

4 hours ago

How PFIPC recruitment waiver raises fresh questions for ‘non-existent’ agency

A fresh dimension has emerged in the raging controversy over the Presidential Foreign Intervention Promotion…

4 hours ago

This website uses cookies.