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Trending News: Police rescue wife of former AIG Odumosu, kill abductorsSecurity operatives rescue 3 pastors, 13 others in KogiTuggar advocates for Africa’s permanent seat on UN Security CouncilShettima reaffirms Nigeria’s resolve to champion AfCFTALagos, Canada to deepen relations in trade, investment, innovationFG’ll not accept N532bn variation on 2nd Abuja airport runway contract – KeyamoNLC Urges Nationwide Telecom Boycott Over 50% Tariff HikeJubilation in Enugu as Beatrice Ekweremadu returns home from UK PrisonUI Students Protest 82-Day Power Outage at UCH IbadanRivers Police Arrest Five Cultists Over Kidnapping and Murder of 34-Year-Old ManHow Disu’s son died in tragic car crashTinubu pledges peace, justice, devt. in OgonilandFC Barcelona Coach Confesses: I’ve Never Lived a Thrilling ComebackMarket gains N472bn as investors react to NCC’s tariff hikeInflation, Rising Costs Behind 50% Telecom Tariff Hike, Says MinisterSub-Saharan Africa accounts for 59% of terrorism-related deaths worldwide – UNYusuf empowers women with N2.3 bn livestock projectUmrah: Saudi Arabia sponsors 20 Nigerian pilgrimsCAF Announces Draw Date for 2025 Africa Cup of Nations2025Champions League Round-Up: Barcelona Stun Benfica in Nine-Goal Thriller, Liverpool Extend Perfect RecordTikTok Remains Unavailable in App Stores Amid Speculation of US BuyersMoroccan National Killed After Stabbing Four in Terror Attack in Tel AvivOlu of Magboro Lauds Champions International School’s Academic Excellence at 20th AnniversaryCBN predicts 4.17% GDP growth in 2025Lagos govt impounds vehicles on Berger BridgeTUC calls for review of items in tax reform billsLagos set to air 320 school lessons on television, social mediaReps recommend increased funding for Navy50% tariff hike: NATCOMS to challenge NCC’s decision in courtNigerians to pay more for calls, data, as NCC approves 50% increase in call tarriffTrump Shuts Down CBP One App, Cancels Migrant Appointments on First Day of Second TermNigeria Secures Historic Victory at ICC U19 Women’s T20 World CupNBS set to unveil rebased consumer price index reportTrump’s foreign policy: Buy Greenland, end Ukraine warAirtel partners African artistes to enhance digital experienceDonald Trump Sworn In as 47th President, Vows to Reverse Nation’s DeclineState Preliminaries for President Federation Cup Kick Off, Final Matches Set for Late FebruaryHappening now: Trump’s inauguration ceremony underway (Video)PFAN Meets with Shehu Dikko to Chart New Course for Nigerian SportsAlleged N12.3bn fraud: Otudeko’s counsel protests in courtNiger Tanker explosion: Death toll climbs to 86NNPCL to Strengthen Nigeria’s Energy Infrastructure Through Pipeline and Depot RehabilitationMan kills in-law in Imo stateTinubu mourns victims of Niger tanker explosionShettima departs for Davos to attend 2025 WEFDangote refinery explains petrol price increase amid global crude oil surgeHow thieves vandalised our transmission tower in January-TCNGunmen kill Celestial Church prophet in OgunPolice confirm 1 dead in Ebonyi communal clashFirst Three Hostages Released as Ceasefire Begins Between Israel and HamasDaniil Medvedev Fined $76,000 for On-Court Outbursts at Australian OpenAgain Kemi Badenoch slams Nigeria, says govt destroys livesLP Leadership Crisis: Sen. Nenadi Usman Committee Refutes Abure’s Court Judgment ClaimsChibok’s attacks: Borno govt. calls for decisive military actionTogo Considers Dumping ECOWAS for the Alliance of Sahel States (AES)Muhammad Ali Remembered: Icon’s Daughter Opens Up Lagos shuts school after death of toddler in swimming poolDelta IGR hits N110bn annually — CommissionerTrump Warns of Fallout if Israel-Hamas Ceasefire Fails70 killed scooping fuel from fallen tanker in Niger stateYIAGA Africa urges reforms toward credible LG polls in NigeriaNetanyahu Puts Cease-Fire Deal on Hold Pending Hostage List from HamasSoludo announces N5m reward for credible information on kidnappers, armed robbersRivers State Set to Renovate Key Sports FacilitiesIsrael Approves Ceasefire With Hamas Amid Intense Gaza BombardmentFuel Tanker explosion claims lives in Niger StateAfDB partners U.S. on credit rating platform for African marketsHeavy security as Ondo LG election commences peacefully2025 UAMC Annual Conference: Ogunlewe Assures Of Successful HostingAYCF flays Northern governors for making U-turn to accept tax reform proposalConfusion in Rivers State as Ikwerre Group Strips Senator Azuta-Mbata of Chieftaincy Titles Over Ohanaeze RoleFAAC: FG, states, LGs share N1.424 trn December 2024 revenueEkweremadu urges boxing association board to be proactiveEnugu Council Chairman, Anike, pays 2025 WAEC fees for 1,759 studentsAppeal Court reaffirms Abure as LP National ChairmanGerman Ambassador unveils 1,900 houses for survivors in MongunoShettima reaffirms FG’s commitment to economic growthOhio Gov. Appoints Replacement to U.S. Senate For Seat Vacated by JD VanceBiden Grants Clemency to Nearly 2,500 Inmates in Historic MoveBruce Willis Makes Rare Public Appearance to Thank Firefighters Amid LA WildfiresBudget Defence turns rowdy as IGP faces Federal LawmakersIsrael, Hamas Sign Cease-Fire Deal Amid Last-Minute HurdlesGovernors Back Tax Reform Bills, Propose New VAT Sharing FormulaCatholic Priest killed by gunmen in Anambra buried amidst tearsICPC to arraign 3 El-Rufai’s aides, firm over alleged N64m fraudSuspected cholera outbreak kills 9 in RiversAfCFTA Sec-Gen pledges to eliminate intra-African trade barriersDangote Cement, FBN Holdings, others lift equity market by N53bnTurki Alalshikh Eyes Joshua-Wilder Fight Amid Fury’s Retirement Claims27-Year-Old Nigerian Woman Mauled to Death by Starving Dogs in ItalyFederal Government Rebukes Emir Sanusi Over Criticism of Economic ReformsSanusi Declines Support for Tinubu’s Administration, Criticizes Economic PoliciesConcerns as Nigeria’s inflation hits 34.80%Southwest Security Group vows to resist ISWAP incursionStrike: No destruction anywhere NUJ, police debunk commissioner’s claimNigeria Draws Senegal, Sudan, Congo in 2025 African Nations ChampionshipIsrael, Hamas Reach Cease-Fire Deal to Free Hostages in GazaArmed Forces Day: Wives of fallen heroes decry neglect from Lagos GovtFormer Sokoto Governor Attahiru Bafarawa Resigns from PDP to Focus on Youth EmpowermentCAF Postpones CHAN 2024 to August 2025
Thu. Jan 23rd, 2025

Naira depreciates by 4.41% against dollar at official market

 

Lagos, Oct. 28, 2024 (NAN) The Naira on Monday depreciated at the official market, trading at N1670.65 to the dollar.

Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), revealed that the Naira lost N70.65.

This represents a 4.41 per cent loss when compared to the previous trading date on Friday, Oct. 25, when it exchanged at N1,600 to a dollar.

Also, the total daily turnover reduced to 81.17 million dollars on Monday down from 284.93 million dollars recorded on Friday.

 

At the Investor’s and Exporter’s (I&E) window, the Naira traded between N1,677 and N1,585.67 against the dollar. (NAN)

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