Naira slides by 4.6% against dollar at official market
The naira on Tuesday depreciated at the official market, trading at N1,416.57 to the dollar.
Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market, showed that the naira lost N62.36.
This represents a 4.60 per cent loss compared to the previous trading date on Monday when it exchanged at N1,354.21 to a dollar.
However, the total daily turnover increased to 160.77 on Tuesday, up from 84.83 million dollars recorded on Monday.
Meanwhile, at the Investor’s and Exporter’s window, the naira traded between N1,445 and N1,301 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.”
States
Police detain suspect over illegal possession of firearm in Enugu
The police said a concealed locally made double-barrelled pistol was found in the suspect’s possession during a search.
Politics
Appeal Court upholds judgment barring INEC from recognising Mark-led ADC congresses
Justice Mohammed held that the case that precipitated the restraining order bordered on a non-justiciable internal affair of a political party.
Heading 5
NMDPRA seals Mobil, Mangerborn Energy in Ogun for under-dispensing fuel
Mr Adebowale stated that the action became necessary due to repeated breaches of regulatory requirements by the affected filling stations.
Politics
Court adjourns Sokoto ADC leadership suit until July 22
The judge consequently adjourned the matter to July 22 and ordered counsel for the first defendant to pay a fine of ₦500,000 to the court.
Abuja
FCT’s Tungan Madaki-Zuba road corridor will boost investment, says Tinubu
Mr Tinubu said that Tungan Madaki, Zuba, and the communities along the road corridor are home to some of Nigeria’s hardest-working citizens.
NationWide
FMBN reaffirms commitment to affordable housing access
Mr Osidi said the bank was prepared to provide guidance on affordable housing and on-site National Housing Fund (NHF) services.
