Naira depreciates by 0.6% against dollar
The naira depreciated on Wednesday at the official market, trading N1,681.65 to the dollar.
Data from the FMDQ Exchange’s official trading platform, which oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), revealed that naira lost N10.33.
This represents a 0.61 per cent loss compared to the previous trading date on Tuesday when it exchanged at N1,671.32 to a dollar.
Also, the daily turnover reduced to $196.78 million on Wednesday, down from $218.77 million recorded on Tuesday.
At the Investor’s and Exporter’s (I&E) window, the naira traded between N1,690.00 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.”
Enugu
Nwifuru enrols 200 people with sickle cell disease in Ebonyi health insurance scheme
The Better Health for Rural Women, Children and Internally Displaced Persons Foundation has enrolled 200 people with sickle cell disease in the state’s health insurance scheme.
Politics
Tinubu building 100 housing units per LGA for vulnerable Nigerians, says aide
The presidential aide said the project was already underway and designed to provide succour to vulnerable Nigerians.
Economy
Innovation: Galaxy Backbone seeks stronger digital partnerships
Galaxy Backbone has urged stronger collaboration among the government, universities, and industry to accelerate digital inclusion.
Health
Kano emerges Nigeria’s top state in BHCPF enrolment for Q1 2026
Kano State Contributory Healthcare Management Agency has emerged as Nigeria’s best-performing agency in the Basic Health Care Provision Fund enrolment.
Economy
EAPEAN warns agencies against unverified overseas recruitment
The Employers Association of Private Employment Agencies of Nigeria has warned recruiters against placing Nigerians in unverified foreign jobs.
Enugu
Disability commission urges Nigerians to treat PWDs with dignity
The Enugu State Disability Commission has appealed to members of the public to treat persons with disabilities with dignity, humanity and care.
