Tag: 600/$ in parallel market

  • Naira crashes to N1,600/$ in parallel market

    Naira crashes to N1,600/$ in parallel market

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    by

    Olumide Akinrinlola
    in

    The Naira yesterday depreciated to N1,600 per dollar in the parallel market from N1,590 last weekend. However, the Naira yesterday appreciated to N1,607.15 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM. Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N1,607.15 per dollar from N1,617.08 per dollar last week…