Naira-dollar
Naira appreciates to N1,660/$ in parallel market
The Naira yesterday appreciated to N1,660 per dollar in the parallel market from N1,662 per dollar last weekend.
However, the Naira depreciated to N1,550 per dollar in the official foreign exchange market.
Data from the Daily Nigerian Foreign Exchange Market (NFEM) published by the Central Bank of Nigeria, CBN, showed that the indicative exchange rate for the naira rose to N1,550 per dollar from N1,540 per dollar last weekend, indicating N10 depreciation for the naira.
READ ALSO:
Data from FMDQ showed that the indicative exchange rate depreciated to N1,545.1 per dollar from N1,533 per dollar last week Friday.
Consequently, the margin between the parallel market and NFEM rate narrowed to N110 per dollar from N122 per dollar last week Friday.
MURIC Tells Adeleke to 'Pack Your Dancing Kits' Ahead of Osun 2026 Election The Muslim…
Gunshots, Teargas Rock Osun Motor Park as Thugs Defy Adeleke's NURTW Suspension Order Gunshots and…
'I Was Obsessed': Shakira Reveals Why She Chose Burna Boy for 2026 World Cup Anthem…
Kogi Poly Suspends 7 Lecturers Over Sex-For-Marks, Handout Sales Amid Cultism Crisis The management of…
Tinubu appoints Olanrewaju-Smart as Special Adviser on House of Reps matters President Bola Tinubu has…
Gunmen invade Osun PVC distribution centre, flee with voter cards Suspected armed hoodlums on Sunday…