Naira up to N1,430/$ in parallel market

By Elizabeth Adegbesan
The naira yesterday appreciated to N1,430 per dollar in the parallel market from N1,470 per dollar last weekend.
Similarly, the naira yesterday appreciated to N1,408. 04 per dollar in the Nigerian Foreign Exchange Market (NAFEM).
Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N1,408.04 per dollar from N1,431.49 per dollar last week Friday, indicating N23.45 appreciation for the naira.
Consequently, the margin between the parallel market rate and NAFEM narrowed to N21.96 per dollar from N38.51 per dollar last week Friday.

Related posts

Deregulation: We have not adjusted prices of petrol, diesel  — NNPC

kadunainsider

Navy foils attempt to smuggle 7,443kg drugs into Nigeria

kadunainsider

Dele Farotimi, Jalingo: Tinubu, Governors Dragged To ECOWAS Court

kadunainsider

Investors gain N4.4trn as banking sector leads stock trading  

kadunainsider

Kidnapping: Military are overstretched — Senate

kadunainsider

NDLEA busts cocaine, heroin, meth syndicates in Abuja, Lagos, Kano

kadunainsider