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Naira depreciates by 2.4% against dollar at official market

Ola Simeon by Ola Simeon
November 9, 2024
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The Naira, on Friday, closed the week weaker at the official market, trading at N1,678.87 to the dollar.

Data from the official trading platform of the FMDQ Exchange, revealed that the Naira lost N39.37

This represents a 2.4 per cent loss when compared to the previous trading date on Thursday when it exchanged at N1,639.50 to a dollar.

However, the total daily turnover increased to $1,403.76 million on Friday up from $244.96 million recorded on Thursday.

At the Investor’s and Exporter’s (I&E) window, the Naira traded between N1,698.50 and N1,609.00 against the dollar.

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© 2026 Published by SWAAYA LIMITED, Plot 20, Block G, Scheme 1, Residential 3, OPIC Beachland Estate, Lagos/Ibadan Expressway, Lagos. Gabriel Akinadewo, MD/CEO 08023010222, 08094000056, 08052097814.