3 weeks ago
1
The Naira on Thursday further slumped at the official market, trading at N1,675.49 to the dollar.
Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), revealed that the local currency lost N44.32.
This represents a 2.71 per cent loss when compared to the previous trading date on Wednesday, when it exchanged at N1,631.17 to a dollar.
However, the total daily turnover increased to $166.61 million on Thursday up from $128.98 million recorded on Wednesday.
READ ALSO: UPDATED: NEC recommends withdrawal of Tinubu’s tax reform bills
At the Investor’s and Exporter’s (I&E) window, the Naira traded between N1,677 and N1,610 against the dollar.
(NAN)
GA/KOLE/AWA
Nigerians need credible journalism. Help us report it.
Support journalism driven by facts, created by Nigerians for Nigerians. Our thorough, researched reporting relies on the support of readers like you.
Help us maintain free and accessible news for all with a small donation.
Every contribution guarantees that we can keep delivering important stories —no paywalls, just quality journalism.
Support PREMIUM TIMES' journalism of integrity and credibility
At Premium Times, we firmly believe in the importance of high-quality journalism. Recognizing that not everyone can afford costly news subscriptions, we are dedicated to delivering meticulously researched, fact-checked news that remains freely accessible to all.
Whether you turn to Premium Times for daily updates, in-depth investigations into pressing national issues, or entertaining trending stories, we value your readership.
It’s essential to acknowledge that news production incurs expenses, and we take pride in never placing our stories behind a prohibitive paywall.
Would you consider supporting us with a modest contribution on a monthly basis to help maintain our commitment to free, accessible news?
TEXT AD: Call Willie - +2348098788999
English (US) ·