BUSINESS

Naira depreciates by 0.05% against dollar at official market

Published

7 months ago

June 4, 2024

Grace Alegba

The Naira on Tuesday recorded loss at the official market, trading at N1,476.95 to the dollar.

Data from the official trading platform of the FMDQ Exchange revealed that the Naira lost 83 kobo.

This represents a 0.06 per cent loss when compared to the previous trading date on Monday when it traded at N1,476.12 to the dollar.

However, the volume of currency traded increased to $236.99 million up from $121.87 million recorded on Monday.

Meanwhile, at the Investor’s and Exporter’s (I&E) window, the Naira traded between N1,500.00 and N1,362.15 against the dollar.

Related Topics:

Up Next

Strike: Operations restart at Abuja airport

Don't Miss

Afreximbank, APPO sign establishment agreement of Africa Energy Bank

Grace Alegba

NEWSVERGE, published by The Verge Communications is an online community of international news portal and social advocates dedicated to bringing you commentaries, features, news reports from a Nigerian-African perspective. A unique organization, founded in the spirit of Article 19 of the Universal Declaration of Human Rights, comprising of ordinary people with an overriding commitment to seeking the truth and publishing it without fear or favour. The Verge Communications is fully registered with the Corporate Affairs Commission of the Federal Republic of Nigeria as a corporate organization.