Naira-dollar
Naira slumps to N1,660 in parallel market
The Naira yesterday depreciated to N1,660 per dollar in the parallel market from N1,645 per dollar last week Friday.
However, the Naira appreciated to N1,580.46 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM.
Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N1580.46 per dollar from N1,593.32 per dollar last weekend , indicating N12.86 appreciation for the naira. The volume of dollars traded (turnover) in the market declined by 22 percent to $197.37 million from $254.17 million traded last weekend.
READ ALSO:
Consequently, the margin between the parallel market and NAFEM rate widened to N79.54 per dollar from N51.68 kobo per dollar last week Friday.
42-Year-Old Married Woman Declared Missing Found in Hotel with Man A 42-year-old woman declared missing…
ADC Threatens Civil Disobedience To Force INEC Chairman To Resign The African Democratic Congress (ADC)…
World Bank Deletes Nigeria Development Update Report Days After Release The World Bank has removed…
US Revokes Green Cards of Iranian Family U.S. Secretary of State Marco Rubio has revoked…
Bournemouth Shock Arsenal 2-1 at Emirates as Title Race Takes Dramatic Turn AFC Bournemouth dealt…
16-Year-Old Alleges Repeated Rape by Pastor During ‘Deliverance’ in Anambra A 16-year-old girl, Precious Okafor,…