Naira-dollar
Naira falls again to N1,610/$ in official market
The Naira yesterday depreciated to N1,610 per dollar in the parallel market from N1,600 per dollar last week Friday.
Similarly, the Naira yesterday depreciated to N1,596.6 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM.
Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N1596.6 per dollar from N1,570.14 per dollar last week Friday, indicating N26.46 depreciation for the naira. The volume of dollars traded (turnover) in NAFEM fell by 17.3 percent to $102.93 million from $120.81 million traded last weekend.
READ ALSO:
Consequently, the margin between the parallel market and NAFEM rate narrowed to N13.4 per dollar from N29.86 per dollar last weekend.
Tinubu Hails Wike as APC Dominates 2026 FCT Area Council Elections President Bola Tinubu has…
Regina Daniels Takes Delivery of ₦150m 2026 GAC Trumpchi M8 SUV Nollywood actress Regina Daniels…
Dr Sanusi Lafiagi Highlights Ramadan’s Spiritual Blessings, Post-Ramadan Challenges Ilorin, Kwara State – Dr Sanusi…
Assistant Commissioner of Police Dies in Fatal Road Accident The Assistant Commissioner of Police Abubakar…
Reasons Behind UniAbuja’s Expulsion of 28 Students, Withdrawal of 15 Certificates The University of Abuja…
Yoruba Muslim Group Dismisses Viral Ramadan Date Claim, Reaffirms Sultan of Sokoto’s Authority A Yoruba…