Business

Naira loses 5.3% against dollar at official market

The Naira on Tuesday, April 23, 2024 depreciated at the official market, trading at N1,300.15 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 N65.66.

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This represents a 5.3 per cent loss when compared to the previous trading date on Monday, April 22, when it exchanged at N1,234.49 to a dollar.

However, the total daily turnover increased to $133.65 million on Tuesday up from $110.17 million recorded on Monday.

Meanwhile, at the Investor’s and Exporter’s (I&E) window, the Naira traded between N1,317.00 and N1,000.00 against the dollar.

The Star

Editor

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