The Naira yesterday depreciated in the parallel market to N1,515 per dollar from N1,495 per dollar on Wednesday. Similarly, the Naira depreciated to N1,485.66 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM. Data […]
The Nigerian Naira experienced contrasting movements in different foreign exchange markets on Wednesday. While the Naira depreciated in the parallel market, it appreciated in the Nigerian Autonomous Foreign Exchange Market (NAFEM). In the parallel market, […]
In the parallel foreign exchange (FX) market on Wednesday, the value of the naira dropped to N1,450. The current FX rate indicates a 1.4% decrease from the N1,430 transacted on May 6. Currency traders, commonly […]
The foreign exchange (FX) market opened on Monday, with the naira trading at $1,430 on the parallel market, popularly known as the black market. This is a 5.49 percent depreciation against the dollar, compared to […]
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