Naira depreciates by 6.8% against dollar at official market
The naira on Tuesday depreciated at the official market, trading at N1,658.97 to the dollar.
Data from the official trading platform of the FMDQ Exchange revealed that the naira lost N106.05.
This represents a 6.82 per cent loss compared to the previous trading date on Monday when it exchanged at N1,552.92 to a dollar.
Also, the total daily turnover reduced to 217.86 million dollars on Tuesday down from 343.71 million dollars recorded on Monday.
At the Investor’s and Exporter’s (I&E) window, the naira traded between N1,670.50 and N1,556.29 against the dollar.
(NAN)
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
States
Ex-agitators accuse Kingsley Kuku, Boyloaf, others of plotting to destabilise Niger Delta Amnesty Programme
President Bola Ahmed Tinubu appointed Mr Otuaro in May to lead the programme after the sacking of the interim administrator Barry Ndiomu.
States
JUST IN: At least 90 people killed, 50 injured in Nigeria’s petrol tanker explosion
The tanker driver lost control near Khadija University and exploded, said the police.
Agriculture
Agric stakeholders meet to discuss sustainable food security
Stakeholder in the agric sector are meeting to discuss emerging technology and tools for sustainable environment and food security.
Rights
Ozekhome seeks special budget for IDPs in Nigeria
“My message to the government is for these people to know that a government exists through welfare initiatives,” Ozekhome.
Economy
FCT-IRS partners NFIU to enhance tax compliance, revenue generation
“We believe our efforts are making a significant contribution to domestic revenue mobilisation,” said NFIU.
Economy
Tinubu hails Nigerian women as drivers of national development
“As the president of Nigeria, I am committed to advancing the cause of women empowerment,” said Mr Tinubu.
