Tag: 405 in parallel market

  • Naira depreciates to N1,405 in parallel market

    Naira depreciates to N1,405 in parallel market

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    by

    Olumide Akinrinlola
    in

    The naira yesterday depreciated to N1,405 per dollar in the parallel market from N1,375 per dollar on Wednesday. Similarly, the naira depreciated to N900.96 per dollar in the Nigerian Foreign Exchange Market (NAFEM). Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N900.96 per dollar from N882.24 per dollar on Wednesday,…