Business

Naira trades N1,625/$ at official market

The naira, on Wednesday, October 9, 2024, depreciated at the official market, trading at N1,625.13 to the dollar.

Data from the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), revealed that the naira lost N63.37.

This represents a 4.05 per cent loss when compared to the previous trading date on Tuesday, October 8, when it exchanged at N1,561.76 to a dollar.

FIRS unveils USSD code to improve taxpayers’ satisfaction 

Also, the total daily turnover reduced to $170.6 million on Wednesday down from $253.68 million recorded on Tuesday.

At the Investors and Exporters (I&E) window, the naira traded between N1,652 and N1,560 against the dollar.

The Star

Segun Ojo

Recent Posts

NEC gives Abuja, Kwara, others one-week ultimatum to submit positions on state police

The National Economic Council (NEC) has directed Kwara, Adamawa, and Kebbi States and the Federal…

7 hours ago

Gunmen kill lawyer in Benue

Gunmen have killed a lawyer, Mike Ofikwu, at Otukpo in the Otukpo Local Government Area…

8 hours ago

Atiku: Tinubu’s loans bone-crushing to Nigerians

Former Vice President Atiku Abubakar has condemned the request for loans by President Bola Tinubu,…

9 hours ago

2027: ACF suspends chairman over remarks to back northern candidates

Arewa Consultative Forum has suspended its chairman, Mamman Osuman, over his comments that the ACF…

10 hours ago

Oil theft: Otuaro pledges PAP’s support for military

The Administrator of the Presidential Amnesty Programme, Dr Dennis Otuaro, has assured the Defence Headquarters…

11 hours ago

Tinubu to IMF: We’ll provide safety nets for Nigerians to cushion reform’s effects

President Bola Tinubu has assured that his administration will continue prioritising the welfare of the…

11 hours ago

This website uses cookies.