Consequently, the margin between the parallel market and NFEM rate narrowed to N105 per dollar from N120.5 per dollar last Friday.
Naira appreciates to N1,655/$ in parallel market
THE Naira yesterday appreciated to N1,655 per dollar in the parallel market from N1,665 per dollar last weekend. But, the Naira depreciated to N1,550 per dollar in the official foreign exchange market.
Data published by the Central Bank of Nigeria, CBN, showed that the exchange rate for the Nigerian Foreign Exchange Market (NFEM) rose to N1,550 per dollar from N1,544.5 per dollar last week Friday, indicating N5.5 depreciation for the naira.
READ ALSO:
Consequently, the margin between the parallel market and NFEM rate narrowed to N105 per dollar from N120.5 per dollar last Friday.
LAGESC removes street traders, demolishes shanties on Cele-Ilasa drain *Operation will last till Sunday –…
Arsenal title hopes fade, surrender two-goal lead to Aston Villa Arsenal’s Premier League title…
Toyota Nigeria celebrates Auto Company of the Decade award Toyota (Nigeria) Limited (TNL) ended…
Many burnt to death as petrol tanker explodes in Niger Many people, including women…
I consulted Ifa oracle that chose new Alaafin, all kingmakers consented - Prof Abimbola Fresh…
Scientists produce vaccine to prevent getting fat A new vaccine that can prevent people from…