BUSINESS

Naira depreciates by 1.39% against dollar at official market

Published

1 hour ago

November 26, 2024

Grace Alegba

The Naira on Monday depreciated at the official market trading at N1,675.62 against the dollar.

Data from the official trading platform of the FMDQ Exchange, revealed that the Naira lost N23.

This represents a 1.39 per cent loss when compared to the previous trading date on Friday, Nov. 22 when it exchanged at N1,652.62 to a dollar.

Also, the total daily turnover reduced to 108.79 million dollars on Monday down from 243.05 million dollars recorded on Friday.

At the Investor’s and Exporter’s (I&E) window, the Naira traded between N1,710 and N1,650 against the dollar.

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Grace Alegba

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