Business
Naira depreciates by 8.24% against dollar at official market
Naira on Wednesday depreciated at the official market, trading at N1,669.15 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 N127.21.
This represents an 8.24 per cent loss when compared to the previous trading date on Monday, Sept. 30 when it exchanged at N1,541.94 to a dollar.
Also, 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.
NAN
30 Years Behind Bars: The agony of inmates waiting for justice, by Pastor Hezekiah Olujobi
INEC expunges 1.6m irregular voter records, identifies 54 officials for prosecution
Sowore suffers fresh setback as court orders him to open defence in cybercrime trial
Why NJC cannot impose seniority in Imo CJ appointment—Udemezue
Imo Chief Judge: Why NJC’s oversight powers matter, by Kunle Kalejaye
2027 Polls: HURIWA warns 375 election judges against selling justice
CJN swears in 2027 election petition tribunal members
Imo AG faults NJC directive on Chief Judge shortlist
Counterfeit products: A deadly trade claiming Nigerian lives, by Kazeem Akintunde
Tinubu’s ‘ex-lecturer’ raises fresh questions over Chicago varsity education
Sanction of Judges: NJC on quiet revolution to cleanse judiciary—Prof Akinseye-George, SAN
BREAKING: NJC recommends 28 for judicial appointments, suspends three judges
5,000 academics to endorse Tinubu’s re-election bid in November
Tinubu appoints ex-DSS DG Yusuf Bichi NISS Governing Board Chairman
Presidency seeks private sector funding for state Police
Agbakoba, Ojo, Etomi, three others to receive Gavel Lifetime Achievement Awards
Media Trust Group to launch AI-powered converged digital Newsroom
Opene v NJC: That S’Court landmark ruling on NJC’s disciplinary powers over judges, by Ebun-Olu Adegboruwa,SAN
Does Nigeria truly have over 103 million voters, asks Prof Chidi Anselm Odinkalu
Tinubu seeks Senate approval for fresh N10.79trn foreign loan amid debt controversy
-
FeaturedMay 2 2025Sanction of Judges: NJC on quiet revolution to cleanse judiciary—Prof Akinseye-George, SAN
-
FeaturedNovember 4 2026BREAKING: NJC recommends 28 for judicial appointments, suspends three judges
-
FeaturedNovember 3 20265,000 academics to endorse Tinubu’s re-election bid in November
-
General NewsOctober 23 2026
Tinubu appoints ex-DSS DG Yusuf Bichi NISS Governing Board Chairman
-
NewsOctober 28 2026Presidency seeks private sector funding for state Police
-
Bar and BenchOctober 23 2026Agbakoba, Ojo, Etomi, three others to receive Gavel Lifetime Achievement Awards
-
NewsOctober 18 2026Media Trust Group to launch AI-powered converged digital Newsroom
-
FeaturedOctober 27 2026Opene v NJC: That S’Court landmark ruling on NJC’s disciplinary powers over judges, by Ebun-Olu Adegboruwa,SAN