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

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