Naira-dollar
Naira rises to N1,640/$ in parallel market
The Naira yesterday depreciated to N1,640 per dollar in the parallel market from N1,650 per dollar on Thursday. Similarly, the Naira depreciated to N1,541.52 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM.
Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N1,541.52 per dollar from N1,544.02 per dollar on Thursday, indicating N2.5 appreciation for the naira.
READ ALSO:
The volume of dollars traded (turnover) in the official market declined by 117.7 percent to $190.57 million from $87.51 million traded on Thursday.
Consequently, the margin between the parallel market and NAFEM rate narrowed to N98.48 per dollar from N105.98 per dollar on Thursday.
Two online scammers arrested in Rivers for defrauding woman of N110m Operatives of the C4i Intelligence Unit…
I stand by my comments - Bauchi gov replies Presidency Bauchi State Governor Bala Mohammed…
Horror in Ogun as twin brothers kill, dismember sex worker Operatives of Ogun State Police command, on…
Tinubu to establish credit firm to bring down food, drug prices President Bola Tinubu said yesterday the…
Naira exchanges N1,650/$ in parallel market Yesterday, the Naira appreciated N1,650 per dollar in the parallel…
Tension as Anambra community union asks monarch to stop Ofala Festival A crisis is brewing in…