Connect with us

BUSINESS

Naira depreciates against dollar

Published

4 weeks ago

on

The Naira on Wednesday slightly depreciated at the official market, trading at N1,631.17 to the dollar.

Data from the official trading platform of the FMDQ Exchange, revealed that the Naira declined against the dollar by 72 kobo.

This represents 0.04 per cent loss when compared to the previous trading date on Tuesday, when it was exchanged at N1,630.45 to a dollar.

Also, the total daily turnover reduced to 128.98 million dollars on Wednesday down from 242.59 recorded on Tuesday.

At the Investor’s and Exporter’s (I&E) window, the Naira traded between N1,684 and N1,575 against the dollar.

Related Topics:
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.

Comments
NIGERIA DECIDES

NIGERIA DECIDES

Shell Digital Plan RESPONSIVE600x750
Shell Digital Plan RESPONSIVE600x750
GTB
JoinOurWhatsAppChannel