Naira further loses value against dollar
On Monday, the naira depreciated at the official market, trading at N1,690.37 against the dollar.
Data from the official trading platform of the FMDQ Exchange revealed that the naira lost N38.12.
This represents a 2.3 per cent loss compared to the November 15 trading date when it exchanged at N1,652.25 a dollar.
Also, the daily turnover was reduced to $173.14 million on Monday, down from $296.63 million recorded on Friday.
At the Investor’s and Exporter’s (I&E) window, the naira traded between N1,699.00 and N1,633.52 against the dollar.
On Friday, the naira slightly depreciated at the official market, trading at N1,652.25 against the dollar. Data from the official trading platform of the FMDQ Exchange revealed that the naira lost N2.05.
This represents a 0.12 per cent loss compared to Thursday’s trading, when it exchanged at N1,650.20 to a dollar. However, the daily turnover increased to $296.63 million on Friday, up from the $214.73 million recorded on Thursday.
At the Investor’s and Exporter’s (I&E) window, the naira traded between N1,699.00 and N1,620.00 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
Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices
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.”
World
U.S. envoy arrives in Beirut seeking Israel-Hezbollah ceasefire deal
In Lebanon, more than 3,000 people have died as a result of Israeli airstrikes and shelling.
Africa
Zimbabwe records 70 suspected cholera cases, one death
Zimbabwe has experienced recurring cholera outbreaks over the past years due to inadequate water and sanitation infrastructures.
Abuja
New Minimum Wage: FG to pay Abuja civil servants N70,000
FCT Nyesom Wike has approved the implementation of the N70,000 national minimum wage for workers of the FCT Administration.
Agriculture
G20 launches global alliance to reduce hunger, poverty
The G20 leaders renewed their commitment to sustainably increasing agricultural productivity and reducing food loss and waste.
Economy
G20 Summit: Tinubu endorses global alliance against hunger, poverty
He lauded the initiative and described it as the right step to address one of the world’s most significant challenges.
Africa
Somaliland gets new leader, pushes for global recognition
The commission also announced that opposition leader Abdirahman Cirro defeated incumbent President Muse Abdi in the election.
