Tag: 700 in parallel market

  • Naira crashes to N1,700 in parallel market

    Naira crashes to N1,700 in parallel market

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    by

    Olumide Akinrinlola
    in

    The Naira on Friday, depreciated to N1,700 per dollar in the parallel market from N1,675 per dollar on Thursday. However, the Naira appreciated to N1,540.78 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM. Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N1,540.78 per dollar from N1,576.1 per dollar…