Business

Naira trades N1,582/$ at official market

The naira closed at the rate of N1,582.09 against the United States dollar at the official market on Tuesday, August 13, 2024.

Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), showed that the naira lost N4.4.

It represents a 0.71 per cent loss when compared to the trading on Monday, August 12, when the local currency closed at N1,577.69 to a dollar.

CBN reintroduces key economic reports to boost transparency

The naira traded at an intra-day high of N1,607.50 and a low of N1,496.00 to a dollar on Tuesday.

The Star

Segun Ojo

Recent Posts

2027: Atiku, Obi, Sowore lack what it takes to defeat Tinubu — Wike’s aide

Some presidential candidates have been described as “content creators” seeking publicity rather than electoral victory.…

9 hours ago

How suspect used fake NNPC documents to defraud Singaporean $285,000

The Economic and Financial Crimes Commission (EFCC) has arraigned a man, Amechi James Oduofor, over…

10 hours ago

BOI targets N1.85trn annual lending, 3m jobs by 2027

The Bank of Industry (BOI) says it is targeting N1.85 trillion in annual lending and…

10 hours ago

NEC approves 90-day plan to ease hardship, lower transport costs

The National Economic Council (NEC) has approved a 90-day economic action plan to ease Nigeria’s…

10 hours ago

Glo rewards Onitsha age grades, honours Obi at Ofala 2026 finale

Globacom has rewarded winning Onitsha age grades with cash prizes, trophies and bags of rice…

11 hours ago

Kaduna Assembly endorses state police

The Kaduna State House of Assembly on Thursday unanimously endorsed proposed amendments to 15 sections…

13 hours ago

This website uses cookies.