Naira loses 5.3% against dollar at official market
On Tuesday, the naira depreciated at the official market, trading at N1,300.15 in the dollar.
Data from the FMDQ Exchange’s official trading platform, which oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), revealed that the naira lost N65.66.
This represents a 5.3 per cent loss compared to the previous trading date on Monday, April 22, when it exchanged at N1,234.49 to a dollar.
However, the total daily turnover increased to $133.65 million on Tuesday, which is up from the $110.17 million recorded on Monday.
Meanwhile, at the Investor’s and Exporter’s (I&E) window, the naira traded between N1,317.00 and N1,000.00 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
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.”
Heading 4
Tinubu’s SSS repeatedly violated Godwin Emefiele’s human rights: U.S.
“In their prosecution of corruption cases, law enforcement and intelligence agencies did not always follow due process.’’
Economy
Agency seals UBA branches in Kaduna over alleged N14.3 million unpaid tax
Ms Ahmad said the agency sent demand notices to the bank to pay but it refused.
Faith
Remember death always, Onaiyekan urges Christians
Mr Atep advised Nigerians to prioritise meeting the needs of the less-privileged and the needy in society.
NationWide
Tinubu committed to quality life for Nigerians, says Shettima
The SWOP report emphasises that over half of preventable maternal deaths occur in countries affected by crises and conflicts.
NationWide
FAAN reopens runway 18L/36R after Dana Air incident
“We sincerely apologise for any inconvenience this incident may have caused.’’
Heading 3
Killer herdsmen impunity against Plateau Christians continues under Tinubu’s leadership: U.S. Govt
“Local leaders blamed herders for the attack.’’
