Naira strengthens to N1,470 per dollar in the parallel market.
On Friday, the Naira appreciated to N1,470 per dollar in the parallel market, up from N1,480 per dollar on Thursday. However, in the Nigerian Foreign Exchange Market (NAFEM), the Naira depreciated to N1,431.49 per dollar. Data from FMDQ indicated that the indicative exchange rate for NAFEM rose to N1,431.49 per dollar from N1,382.35 per dollar on Thursday, showing a depreciation of N49.14 for the Naira. As a result, the margin between the parallel market rate and NAFEM narrowed to N38.51 per dollar from N97.65 per dollar on Thursday.
Share News with us via WhatsApp: 08163658925 or Email: naijaeyes1@gmail.com
Join Our Social Media Channels:
WhatsApp: NaijaEyes
Facebook: NaijaEyes
Twitter: NaijaEyes
Instagram: NaijaEyes
TikTok: NaijaEyes
