Naira Falls To N1,260/$ In Parallel Market

Posted by Lawal Munirst on January 13, 2024 0

Similarly, the naira depreciated to N890.54 per dollar in the Nigerian Foreign Exchange Market (NAFEM).

Yesterday, the naira depreciated to N1,260 per dollar in the parallel market, down from N1,240 per dollar on Thursday.

Similarly, the naira depreciated to N890.54 per dollar in the Nigerian Foreign Exchange Market (NAFEM).

Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N890.54 per dollar from N874.79 per dollar on Thursday, indicating N15.75 depreciation for the naira.

Consequently, the gap between the official and parallel market exchange rates widened to N369.46 per dollar yesterday from N365.21 per dollar on Thursday.

Read Also

Go Back To The Top