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Thursday, November 14, 2024

NAIRA LOSES N127.21 AS DAILY TURNOVER DROPS AT FMDQ EXCHANGE

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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 N127.21.

This represents an 8.24 percent loss when compared to the previous trading date on Monday, Sept. 30, when it exchanged at N1,541.94 to a dollar.

Additionally, the total daily turnover reduced to 176.45 million dollars on Wednesday, down from 181.86 million dollars recorded on Monday.

Meanwhile, at the Investor’s and Exporter’s (I&E) window, the Naira traded between N1,699 and N1,550 against the dollar.

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