BUSINESS

Official Market: Naira depreciates by 0.6% against dollar

Published

11 hours ago

November 4, 2024

Grace Alegba

The Naira depreciated at the official market on Monday, trading at N1,676.90 to the dollar.

Data from the official trading platform of the FMDQ Exchange, a platform overseeing the Nigerian Autonomous Foreign Exchange Market (NAFEM), revealed that Naira lost N10.18.

This represents a 0.61 per cent loss when compared to the previous trading on Friday, Nov. 1, when it exchanged at N1,666.72 to a dollar.

Also, the total daily turnover reduced to 79.47 million dollars on Monday, down from 94.20 million dollars recorded on Friday.

At the Investor’s and Exporter’s (I&E) window, the Naira traded between N1,690.00 and N1,591.60 against the dollar.

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Grace Alegba

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