Business

Naira trades 1,593/$ at official market

The naira closed at the rate of N1,593.62 against the United States dollar at the official market on Thursday, August 8, 2024.

This was contained in the data on the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM).

It represents a 0.18 per cent loss when compared to the trading on Wednesday, August 7, when the local currency exchanged at N1,593.38 to a dollar.

CBN offers $876m to forex market, pledges more liquidity support

The naira traded at an intra-day high of N1,616 and a low of N1,520 to a dollar on Thursday.

Dollar supply between willing sellers and willing buyers also increased to $141.99 million on Thursday from $93.92 million recorded on Wednesday.

The Star

Segun Ojo

Recent Posts

Apapa Customs intercepts N26.5bn drugs hidden in vehicles

The Nigeria Customs Service, Apapa Area Command, has intercepted cannabis indica worth N26.5 billion concealed…

5 minutes ago

Man beats lover to death over alleged infidelity

The operatives of the Rivers State Police Command have arrested a man, Richard Emmanuel, for…

18 minutes ago

KWASU research teams win $43,913, N83m grants

Four research teams from the Kwara State University (KWASU) have secured competitive research grants from…

1 hour ago

Kidnapped Oyo headmaster regains freedom

A headmaster abducted by gunmen in Itesiwaju Local Government Area of Oyo State has regained…

1 hour ago

NYSC to blacklist employers withholding corps members’ welfare

The National Youth Service Corps (NYSC) has announced plans to blacklist private organisations that fail…

1 hour ago

Adeboye celebrates wife at 78, reflects on 58 years of marriage

The General Overseer of the Redeemed Christian Church of God (RCCG), Pastor Enoch Adejare Adeboye,…

2 hours ago

This website uses cookies.