Business

Naira exchanges for N1,725/$ in parallel market

Naira exchanges for N1,725/$ in parallel market

The Naira yesterday appreciated to N1,725 per dollar in the parallel market from N1,730 per dollar on Monday.

Similarly, the Naira appreciated to N1,630.45 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM. Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N1,630.45 per dollar from N1,670.65 per dollar on Monday indicating N40.2 appreciation for the naira.
READ ALSO:

The volume of dollars traded (turnover) in the official market increased by 198.8 percent to $242.59 million from $81.17 million traded on Monday.

Consequently, the margin between the parallel market and NAFEM rate widened to N94.55 per dollar from N59.35 per dollar on Monday.

Naira exchanges for N1,725/$ in parallel market

Trends Admin

Recent Posts

Jetour Takes Rely R8 Premium Pickup to Abuja in Major FCT Debut

Jetour Takes Rely R8 Premium Pickup to Abuja in Major FCT Debut Jetour Nigeria is taking…

24 seconds ago

Trump’s Peace Envoys Arrive in Moscow as Russia Bombs Ukraine Airports Overnight

Trump's Peace Envoys Arrive in Moscow as Russia Bombs Ukraine Airports Overnight Trump's special negotiators…

2 hours ago

Kano Hisbah arrests 22 suspected crossdressers over alleged hook-up, drug abuse

Kano Hisbah arrests 22 suspected crossdressers over alleged hook-up, drug abuse The Kano State Hisbah…

3 hours ago

Two Weeks of Silence: Families of 600 Abducted Muslim Worshippers in Niger Demand Govt Action

Two Weeks of Silence: Families of 600 Abducted Muslim Worshippers in Niger Demand Govt Action…

3 hours ago

‘It’s a lie’ – Wike’s aide challenges Peter Obi’s ‘I don’t give shishi’ claim

‘It’s a lie’ – Wike’s aide challenges Peter Obi’s ‘I don’t give shishi’ claim Senior…

3 hours ago

Osinbajo raises alarm over chemicals in fruits, recalls wife’s orange juice experience

Osinbajo raises alarm over chemicals in fruits, recalls wife’s orange juice experience Former Vice-President Yemi…

3 hours ago