Business

Naira trades N1,586/$ at official market

The naira closed at the rate of N1,586.11 against the United States dollar at the official market on Thursday, August 22, 2024.

Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), showed that the naira gained N6.27.

It represents a 2.74 per cent gain when compared to the trading on Wednesday, August 21, when the local currency closed at N1,592.38  to a dollar.

Oando acquires Agip Oil’s assets for $783m, Wale Tinubu lauds deal

The naira traded at an intra-day high of N1,603.00 and a low of N1,500.00 to a dollar on Thursday.

The Star

Segun Ojo

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