See the Value of Nigeria Naira against US Dollars in Parallel Market
See the Value of Nigeria Naira against US Dollars in Parallel Market
Naira and Dollars
Yesterday, the Naira fell to N1,635 per dollar in the parallel market, down from N1,625 per dollar observed over the weekend. In contrast, the Naira strengthened in the Nigerian Autonomous Foreign Exchange Market (NAFEM), reaching N1,585.77 per dollar, up from N1,598.56 per dollar the previous weekend.
Data from FMDQ indicated that the NAFEM exchange rate improved by N12.79, reflecting a stronger Naira. Meanwhile, trading volume in this market dropped significantly by 58.8%, falling to $71.18 million from $172.8 million traded last Friday.
As a result, the gap between the parallel market rate and the NAFEM rate widened to N49.23 per dollar, compared to N26.44 per dollar at the end of last week.
TRENDING SONGS
Sanwo-Olu Tours Massive Tolu Education Hub Set to Transform Learning for 20,000 Lagos Students
Ghana Police Arrest 11 Nigerians in Tamale Crackdown on Drugs, Cybercrime
Malami Breaks Silence on INEC–ADC Dispute, Urges Calm Amid Political Tensions
£746m Nigeria–UK Deal Sparks Debate Over Ajaokuta Steel’s Future
FG Kicks Off 56km Ekiti–Osun Link Road to Boost Regional Trade
Tinubu Condemns Plateau and Kaduna Attacks, Calls for Urgent Action Against Violence
Tonto Dikeh Opens Up on Dark Past: From Cult Involvement to Spiritual Renewal
Alleged Truck Tampering Lands Lagos Man in Court Over Theft Claims
Senegal Tightens Anti-LGBTQ Laws, Doubles Prison Terms Amid Rights Concerns
Infantino Watches Iran Friendly Amid World Cup Venue Uncertainty
Share this post with your friends on 
