Business

Naira drops at official market, exchanges N1,476/$

The naira, on Tuesday, June 4, 2024, recorded a 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.

First Bank wins Best SME Bank at Asian Banker Awards

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

Meanwhile, at the Investors and Exporters (I&E) window, the naira traded between N1,500.00 and N1,362.15 against the dollar.

The Star

Segun Ojo

Recent Posts

Aide: Oborevwori has cordial relationship with Tinubu, won’t dump PDP for APC

The Executive Assistant to Delta State Governor Sheriff Oborevwori on Public Enlightenment (Projects and Policies),…

6 hours ago

Delta govt clarifies delay of N1bn MSME loan

The Delta State Government has assured that the approved N1 billion loan for Micro, Small…

7 hours ago

‘I’ll wield big stick’: Adeleke vows to depose Osun monarchs over communal clashes

Osun State Governor Ademola Adeleke has vowed to remove from office any traditional ruler who…

9 hours ago

Myanmar declares week of mourning as earthquake death toll surpasses 2,000

Myanmar's military leadership, on Monday, March 31, 2025, declared a week of national mourning following…

11 hours ago

Fidelity Bank records N385.2bn profit, investors to get N2.10 dividend

Fidelity Bank Plc has reported a pre-tax profit of N385.2 billion for 2024, representing a…

12 hours ago

Tinubu extends Immigration boss Nandap’s tenure till Dec 2026

President Bola Ahmed Tinubu has approved an extension of Mrs. Kemi Nanna Nandap's tenure as…

12 hours ago