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Naira makes gain, trades for N1,560/$ in parallel market

Data published by the Central Bank of Nigeria, CBN, showed that the exchange rate for the naira rose to N1,530.5 per dollar from N1,529.5 per dollar on Monday, indicating N1 depreciation for the naira. Consequently, the margin between the parallel market and NFEM rate narrowed to N29.5 per dollar from N35.5 per dollar the previous day.

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2 months ago

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Money naira and dollar

The naira yesterday appreciated to N1,560 per dollar in the parallel market from N1,565 per dollar on Monday.
But the Naira depreciated to N1,530.5 per dollar in the Nigerian Foreign Exchange Market (NFEM).

Data published by the Central Bank of Nigeria, CBN, showed that the exchange rate for the naira rose to N1,530.5 per dollar from N1,529.5 per dollar on Monday, indicating N1 depreciation for the naira. Consequently, the margin between the parallel market and NFEM rate narrowed to N29.5 per dollar from N35.5 per dollar the previous day.

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