Naira-dollar
Naira exchanges for N1,600/$ in parallel market
The Naira yesterday appreciated to N1, 600 per dollar in the parallel market from N1,615 per dollar on Wednesday.
However, the Naira depreciated to N1,586.11 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM. Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N1,586.11 per dollar from N1,543.84 per dollar on Wednesday, indicating N42.27 depreciation for the naira.
READ ALSO:
The volume of dollars traded (turnover) in NAFEM fell by 30 percent to $120.2 million from $171.79 million traded on Wednesday. Consequently, the margin between the parallel market and NAFEM rate narrowed to N13.89 per dollar from N71.16 per dollar on Wednesday.
Nigeria’s first indigenous female neurosurgeon appointed medical director of US hospital Nigeria’s first indigenous female…
ICPC recommends prosecution of alleged fake PFIPC boss after Tinubu-ordered investigation The Independent Corrupt Practices…
Why Osimhen Turned Down Galatasaray's Iconic No. 9 Jersey Super Eagles striker Victor Osimhen has…
Military Salary Hike Sparks Mixed Reactions as South-East Youths Weigh Enlistment Young men in Nigeria's…
FG Orders Polytechnics to Scrap Non-Technical Courses, Restricts BTech Degrees The Federal Government has directed…
Osun Account Freeze: EFCC Insists It Has 72-Hour Power Without Court Order The Economic and…