Business

Naira trades N1,539/$ at official market

The naira recorded a slight loss at the official market on Wednesday, January 8, 2025, trading at N1,539.39 per dollar.

Data from the Central Bank of Nigeria (CBN) showed that the naira closed the trading session at N1,539.39 to the dollar.

This represents a slight loss as the local currency traded on Tuesday at N1,534.16 per dollar.

Minister: Telecom tariffs won’t be increased by 100%

The data from the apex bank’s forex exchange platform revealed that the naira lost N5.23, representing a 0.34 per cent loss.

Data from the FMDQ Security Exchange official forex trading platform also revealed that the naira opened trading on Tuesday at N1,535.50 to a dollar, but closed at N1,541.70 on Wednesday.

However, trading on the Investors and Exporters (I&E) Forex window on Wednesday recorded a high of N1,544.00 and a low of N1,535.50.

The Star

Segun Ojo

Recent Posts

‘It’ll guarantee access to essential medicines’: Senate raises Basic Health Care Fund to 2%

The Senate on Thursday approved the increased funding for Nigeria’s Basic Health Care Provision Fund…

50 minutes ago

16 UNILORIN graduates set new record, bag first class in Law School

No fewer than 16 law graduates of the University of Ilorin (UNILORIN) made first class…

2 hours ago

Dangote Refinery exports 1.1bn litres of jet fuel to Europe, covers 95% of Nigeria’s supply — AON

The Airlines Operators of Nigeria (AON) has described the Dangote Petroleum Refinery and Petrochemicals as…

2 hours ago

Kogi fraud trial: Witness reveals how billions were converted to dollars for Bello associate

A Bureau de Change operator on Thursday narrated before a federal high court in Abuja…

2 hours ago

Davido’s father donates N500m to Odun security trust fund

Long before his son Davido became one of Africa's biggest music exports, Dr Deji Adeleke…

3 hours ago

Tinubu holds closed-door meeting with APC govs at Aso Rock

President Bola Tinubu is meeting with All Progressives Congress governors at the Aso Rock Presidential…

4 hours ago

This website uses cookies.