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Naira slightly depreciates by 0.8% against dollar at official market

Ola Simeon by Ola Simeon
May 3, 2024
in Breaking News
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The naira, on Thursday, slightly depreciated at the official market, trading at N1,402.67 to the dollar.

Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), showed that the naira lost N11.71

This represents a 0.84 per cent loss when compared to the previous trading date on Tuesday April 30, when it exchanged at N1,390.96 to a dollar.

However, the total daily turnover increased to $232.84 million on Thursday, up from $225.36 million recorded on Tuesday.

Meanwhile, at the Investor’s and Exporter’s (I&E) window, the naira traded between N1,445.00 and N1,299.42 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.