Naira-dollar
After one-day gain, naira crashes again to N1,340/$ in parallel market
The Naira yesterday depreciated to N1,340 per dollar in the parallel market, from N1,300 per dollar last week Friday.
Similarly, the Naira depreciated in the Nigerian Foreign Exchange Market, NAFEM, to N1,419.11 per dollar.
Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N1,419.11 per dollar from N1,339.23 per dollar last weekend, indicating N79.88 depreciation for the naira.
READ ALSO:
Consequently, the margin between the parallel market and NAFEM rates widened to N79.11 per dollar from N39.23 per dollar last week Friday.
Oyetola, VP's aide, Opeifa to drive discussions at 2026 TCAN Transport Summit LAGOS – Nigeria's…
Osun NURTW Crisis: Oyewale Takes Office, Declares Peace as Govt, Police Maintain Stance The newly…
Ex-IG Okiro: FG's Decision to Scrap Anti-Terror Squad Birthed Boko Haram Insurgency The former police…
Is Nigeria's Electricity Tariff Going Up? FG Finally Breaks Silence The Federal Government has moved…
ISWAP finance chief surrenders to Nigerian troops with two children in Borno A senior financial…
Al-Mustapha Fires Back: Ex-DSS Officer’s Account of Abacha’s Death Is a Lie, I Have CCTV…