Consequently, the margin between the parallel market and NAFEM rates narrowed to N1.57 per dollar from N55.79 per dollar on Monday.
Naira-dollar
Naira trades at N1,415/$ on parallel market
The Naira yesterday depreciated to N1,415 per dollar in the parallel market, from N1,410 per dollar on Monday.
Similarly, the Naira depreciated in the Nigerian Foreign Exchange Market, NAFEM, to N1,416.57 per dollar.
READ ALSO:
Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N1,416.57 per dollar from N1,354.21 per dollar on Monday, indicating N62.36 depreciation for the naira.
Consequently, the margin between the parallel market and NAFEM rates narrowed to N1.57 per dollar from N55.79 per dollar on Monday.
Lionel Messi’s napkin contract sells for £762,400 The napkin on which Barcelona agreed to sign…
Referee saved Fury from knock-out in Round 9, says Usyk’s promoter Oleksandr Usyk’s promoter, Alexander Krassyuk…
NDLEA declares couple wanted, houses sealed after cocaine seizure The National Drug Law Enforcement Agency, (NDLEA)…
JUST IN: Helicopter carrying Iran’s president crash-lands A helicopter carrying Iranian President, Ebrahim Raisi, has…
Mother, 2 kids, motorbike rider crushed to death in Osun A devastating road accident occurred on Saturday…
Tension in Akwa Ibom over abduction of monarch A monarch, Ogwong Okon A. Abang, has been…