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

Wike suspends FCDA Executive Secretary

The Minister of Federal Capital Territory (FCT), Nyesom Wike, has suspended the Executive Secretary of…

3 hours ago

Tinubu appoints ex-Atiku’s aide Bwala as Special Adviser, names 3 DGs

President Bola Tinubu has appointed Daniel Bwala, a former spokesperson to ex-Vice President Atiku Abubakar,…

3 hours ago

NCC: We’ll reduce telcos’ voice, data plans

The Nigerian Communications Commission (NCC) has announced a tariff simplification exercise to reduce the numerous…

6 hours ago

NNPCL records 1.8mbpd crude oil production

The Nigerian National Petroleum Company Limited (NNPCL) says it has achieved 1.8 million barrels per…

6 hours ago

Ondo guber: INEC distributes sensitive materials to 18 LGAs

The Independent National Electoral Commission (INEC) has distributed sensitive materials to the 18 Local Government…

6 hours ago

Nigerians berate MultiChoice over loss of 243,000 DStv, Gotv subscribers

Some Nigerians have berated MultiChoice Group for announcing that its Nigerian unit, MultiChoice Nigeria, lost…

6 hours ago

This website uses cookies.