Business
Naira Depreciates To N1,465/$ In Parallel Market
The naira yesterday depreciated to N1,465 per dollar in the parallel market from N1,445 per dollar on Tuesday.
However, the naira appreciated to N1,418.78 per dollar in the Nigerian Foreign Exchange Market (NAFEM).
Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N1,418.78 per dollar from N1,433.89 per dollar on Tuesday, indicating N15.11 appreciation for the naira.
Consequently, the gap between the official and parallel market exchange rates widened to N46.22 per dollar yesterday from N11.11 per dollar on Tuesday.
-
News5 days ago2027: Why Aremo Stands As Most Compelling Choice To Represent Osogbo Federal Constituency, By Alimi Sodiq Olatunde
-
News4 days agoHarvard University-trained Public Health Professional, Olugbile Declares For Odo-Otin/Ifelodun/Boripe Federal Constituency Seat
-
News2 days agoBirthday: Your Exceptional Leadership Style Marked By Wisdom, Humility- Media Movement Team Celebrates Rep Aspirant, Aremo
-
News4 days agoOsun Assembly Aspirant, Asiri Ede Promises Grassroots-focused Representation, Seeks APC Excos’ Backing