The naira depreciated at the official market, trading at N1670.65 to the dollar on Monday, October 28, 2024.
Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), revealed that the naira lost N70.65.
This represents a 4.41 per cent loss when compared to the previous trading date on Friday, October 25, when it exchanged at N1,600 to a dollar.
Court orders forfeiture of multi-million naira hotel linked to ex-NOUN VC
The total daily turnover also reduced to $81.17 million on Monday down from $284.93 million recorded on Friday.
At the Investors and Exporters (I&E) window, the naira traded between N1,677 and N1,585.67 against the dollar.
The operatives of the National Drug Law Enforcement Agency (NDLEA) have arrested a 55-year-old businessman,…
Kaduna State Governor, Uba Sani, has flagged off the distribution of 500 trucks of free…
By TOSIN OROGUN Why the future belongs not to those who adopt AI first, but…
By TUNDE RAHMAN When the 2023 presidential election results were announced, many analysts and commentators…
The Federal Government has dismissed reports suggesting it plans to increase electricity tariffs for consumers,…
Nigeria's listed pharmaceutical companies recorded a sharp increase in borrowing costs in the first quarter…
This website uses cookies.