Home Contact Us Tip Us: [email protected]
Hot Stories
Recent Stories
Naira Records Significant Depreciation Against Dollar
Posted by Thandiubani on Tue 19th Nov, 2024 - tori.ngThis comes as FX transaction turnover decreased to $173.14 million on Monday from $296.63 million recorded on Friday last week.
The Nigerian naira has suffered great loss against the dollar at the foreign exchange market.
This is according to data released by FMDQ.
The data showed that the naira weakened significantly to N1690.37 per dollar on Monday from the N1652.25 exchange rate on Friday last week.
This represents N38.12 depreciation against the dollar.
Meanwhile, at the black market, the naira remained flat at N1740 per dollar on Monday, the same rate at the close of work last week.
This comes as FX transaction turnover decreased to $173.14 million on Monday from $296.63 million recorded on Friday last week.
Top Stories
Popular Stories
Stories from this Category
Recent Stories
