Sunday, July 19, 2026

Naira depreciates by 6.8% against dollar at official market 

At the Investor’s and Exporter’s (I&E) window, the naira traded between N1,670.50 and N1,556.29 against the dollar. 

• October 15, 2024
Naira and Dollar
Naira and Dollar

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

farmers

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

Katsina State

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.”

Basket of fruits

Abuja

Residents consider healthy diets amid concerns over processed foods

Mr Akuba said the growing public interest in food quality presented an opportunity to improve nutrition awareness across communities.

Heading 5

Alleged Tranfer Move: Shooting Stars declare footballer Ayodele Ismail AWOL, report Egypt-based agent to FIFA

The 3SC management warned prospective buyers that Ismail is still legally contracted to the club, noting any transfer negotiation must be with the Oluyole Warriors.

Heading 1

2027: APC governorship candidate says opposition politicians only after Ogun treasury

President of the Council of Iyalajes and Babaalajes in Remoland, Olufunke Oyelaja, pledged the group’s support for Mr Adeola’s governorship bid.

Prince Adetunji Ogunwusi

Heading 2

Ooni of Ife mourns elder brother, says his death created irreplaceable vacuum

The monarch prayed for the departed soul to rest in peace and for comfort for his immediate family, friends, business associates and everyone whose lives he impacted.