Business

Naira trades N1,658/$ at official market

The naira, on Tuesday, October 15, 2024, depreciated at the official market, trading at N1,658.97 to the dollar.

Data from the official trading platform of the FMDQ Exchange revealed that the naira lost N106.05.

This represents a 6.82 per cent loss when compared to the previous trading date on Monday, October 14, when the currency exchanged at N1,552.92 to a dollar.

Nigeria’s inflation rate rises to 32.7%

Also, the total daily turnover reduced to $217.86 million on Tuesday down from $343.71 million recorded on Monday.

At the Investors and Exporters (I&E) window, the naira traded between N1,670.50 and N1,556.29 against the dollar.

The Star

Segun Ojo

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