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Naira Down To N1,420/$ In Parallel Market
The Naira yesterday depreciated to N1,420 per dollar in the parallel market from N1,408 per dollar on Monday. However, the naira appreciated to N1,362 per dollar in the Nigerian Foreign Exchange Market, NFEM .
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Data from the Central Bank of Nigeria, CBN, showed that the indicative exchange rate for the naira fell to N1,362 per dollar from N1,365 per dollar on Monday, indicating N3 appreciation for the naira.
Consequently, the margin between the parallel and official markets widened to N58 per dollar from N43 per dollar on Monday. The interbank turnover at NFEM rose by 13.97 percent to N156.2 million yesterday from N137.05 million on Monday.
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Special Reports3 days agoKano man rescued from well after he got trapped trying to rescue cow
- Special Reports3 days ago
Four children held captive in truck for 7 years by woman and her fiancé
- Special Reports3 days ago
âMake una help me o. Yahoo boys no go k!ll person for Ekpoma- Woman shouts after car rammed directly into her shop in Edo state
- Special Reports3 days ago
Weed out kakistrocrats in your presidency or theyâll continue to mess you up- Ndume tells President Tinubu
