Naira depreciates by 0.1% against dollar

The naira on Friday slightly further 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 the previous trading date, Thursday, when it exchanged at N1,650.20 to a dollar.
However, the total daily turnover increased to $296.63 million on Friday up from $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.”

Rights
Expert seeks greater inclusion of persons with disabilities in governance, electoral process
He called for electoral reforms to make polling units more accessible to persons with disabilities.

States
NDLEA arrests Nigerian-British grandma with 13kg of cocaine hidden in plantain peels
The NDLEA said the drugs were concealed in peels of plantain, which appeared as real plantains and were packed among other food items.

States
I will not demolish properties without paying compensation: Uba Sani
Mr Sani said his government has consistently distributed cheques to households affected by projects since the inception of this administration.

States
Killing of Kaduna farmers shows ‘so-called’ peace deal with terrorists not working: Amnesty International
Amnesty International stated that the people of Birnin Gwari deserve peace, security, and protection from continued violence.

NationWide
LPDC to hear misconduct petition against SAN, two others on July 29
The petition accused the trio of professional misconduct, criminal misrepresentation, forgery, and perjury.

States
Troops rescue six abductees in Borno
The military said troops remain in aggressive pursuit of the fleeing terrorists.






