See the Current Value of Naira to USD Dollar as Naira Strengthens in Parallel Market
See the Current Value of Naira to USD Dollar as Naira Strengthens in Parallel Market
By Elizabeth Adegbesan
Naira and Dollars
The Nigerian Naira gained ground on Thursday, rising to N1,740 per dollar in the parallel market, up from N1,745 per dollar the previous day. In the Nigerian Autonomous Foreign Exchange Market (NAFEX), the Naira also saw an improvement, appreciating to N1,644.86 per dollar, compared to N1,660.83 per dollar on Wednesday.
According to data from FMDQ, the NAFEX rate reflected a N15.97 gain for the Naira, as it dropped from N1,660.83 to N1,644.86. This strengthened local currency was accompanied by a notable surge in dollar transactions, with the total turnover rising by 66% to $560.34 million, up from $337.07 million on Wednesday.
As a result, the difference between the parallel market rate and the NAFEX rate widened, increasing to N95.14 per dollar from N84.17 per dollar the day before.
TRENDING SONGS
Shock in Anambra: Bride Disappears Moments Before Wedding
Nigerian Woman Returns ₦330 Million Accidentally Credited to Her Account
APC Don Reach Morocco?’ VeryDarkMan Reacts to Seyi Tinubu Poster
Bride Breaks Down in Tears as Wedding Meals Were Kept Secretly While Guests Go Home Hungry
Odogwu by Day, Robber by Night: How Marriage Joy Turned Into Tragedy
Nigerian Officials Allegedly Pocket N4–6B Weekly Through Smuggling Cartels at Seme–Badagry Border
Ahmad Yerima: Naval Officer to Face No Sanctions After Clash with Wike – Matawalle
Trending Video: Muslim Man Joins Wife in Hallelujah Challenge ‘Dress Like Your Miracle’ Night
Woman Seeks Advice as Late Brother’s Wife Refuses to Mourn Him Following His Death With Alleged Mistress
Nobody Cares About Fine Girls In The UK, I Miss Nigeria — Nigerian Lady Laments
Share this post with your friends on 
