See what Naira depreciated to per dollar in parallel market
See what Naira depreciated to per dollar in parallel market
The Naira on Friday depreciated to N1,540 per dollar in the parallel market from N1,490 per dollar on Thursday.
However, the naira appreciated to N1,548.25 per dollar in the Nigerian Foreign Exchange Market (NAFEM).
Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N1,548.25 per dollar from N1,595.11 per dollar on Thursday, indicating N46.86 appreciation for the naira.
The market recorded an intraday high of N1,652.4 per dollar and an intraday low of N1,400 per dollar, resulting in a margin of N252.4 per dollar.
The volume of dollars (turnover) traded in the market increased by 36 percent to $296 million from $217.14 million traded on Thursday.
As a result, the gap between the official and parallel market exchange rates narrowed to N8.25 per dollar yesterday from N135.11 per dollar on Thursday.
TRENDING SONGS
Heartbreak in Ikeja: Lady Weeps After Fufu Found in New Phone Package
Twist of Fate: Man Who Questioned Phyna’s ₦1Billion Demand Mourns Brother in Dangote Truck Crash
Tragedy in Enugu: Dangote Truck Claims Lives of Family of Five
Bangkok Crackdown: Nigerian-Thai Couple in Police Net Over Drug Trafficking
Family Rift: Reno Omokri’s Ex-Wife Says He Deserted Their Special Needs Son
The Man Who Sent Money for Two Decades, Only to Return to an Empty Shell
See how a young lady was beaten in a village and naked for stealing a goatÂ
See How Man That Plans to Divorce His Wife, Gets Shocked When She Leaves Him First With Their 5 Kids
Tragic Land Dispute: Man Kills Father in Imo, Pastor Arrested for Rape
Nigeria Grants Air Tanzania Passage for Direct Flights
Share this post with your friends on 
