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.”
Politics
Labour Party hails appellate court ruling affirming Nenadi Usman’s leadership
The Labour Party has welcomed a Court of Appeal judgement affirming that only its recognised national leadership can authorise litigation in the party’s name.
NationWide
IEPN opens portal for membership, practitioner certification
The Nigerian Environmental Society disclosed this in a notice by its spokesman, Akon Uno, on Tuesday, calling for applications from environmental professionals.
States
Gov Bago imposes curfew after 80 people killed in Kamuku-Fulani violent clashes
Governor Umaru Bago said this during a visit to the affected communities following the clash between the Kamuku and Fulani in Tashar Bako.
Opinion
Remi Tinubu’s akara, roasted corn, and kuli-kuli advise no one wants to hear
Nigerians are already demonstrating extraordinary entrepreneurial resilience.
Heading 3
Sultan of Sokoto links hate speech to insulting religious leaders, urges restraint
“Therefore, there is a strong call for all religious and faith communities to work together to combat hate speech,” said the sultan.
Anti-Corruption
U.S. businessman jailed for $2 million food fraud scheme
In addition to the prison term, the judge sentenced Mr Madera to one year of supervised release and ordered him to pay over $2.2 million in restitution and forfeiture.
