Naira gains to ₦1,512/$ in parallel market

The Naira appreciated in the parallel market on Wednesday, trading at ₦1,512 per dollar, an improvement from the ₦1,515 per dollar recorded on Tuesday.

However, in the Nigerian Foreign Exchange Market (NFEM), the local currency experienced a slight decline, closing at ₦1,505 per dollar.

Data from the Central Bank of Nigeria (CBN) indicated that the indicative exchange rate for the Naira rose to ₦1,505 per dollar from ₦1,502 per dollar the previous day, reflecting a depreciation of ₦3.

As a result, the difference between the parallel market and NFEM exchange rates narrowed to ₦7 per dollar, compared to ₦13 per dollar on Tuesday.

See also  Air Peace Suspends Flights Nationwide

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

TikToker Who Fought for Mohbad Dies During Livestream

2027: Identities Of Governors That May Join APC

Court Orders Lagos Property Handed Over to FG

Osifo Re-Elected as TUC President

Nigerian Army Warns Against Fake Recruitment Advert

JAMB Delists Four CBT Centers, 27 Impersonators Arrested

TikToker Who Fought for Mohbad Dies During Livestream

2027: Identities Of Governors That May Join APC

Court Orders Lagos Property Handed Over to FG

Osifo Re-Elected as TUC President