Naira Appreciates to N1,660/$ In Parallel Market

 

The Naira appreciated in the parallel market on Friday, strengthening to N1,660 per dollar from N1,665 per dollar on Thursday.

Similarly, the Naira appreciated to N1,531 per dollar in the official foreign exchange market.

Advertisements
image_alt

Do You Wish To Initiate A Dmca Takedown Report? Kindly Send Details To Ultranija1@gmail.Com

Data published by the Central Bank of Nigeria, CBN, showed that the exchange rate for Nigerian Foreign Exchange Market (NFEM) fell to N1,531 per dollar from N1,548 per dollar on Thursday, indicating N17 appreciation for the naira.

Consequently, the margin between the parallel market and NFEM rate widened to N129 per dollar from N117 per dollar on Thursday.

ALSO READ:  Fueling Nigeria: Dangote's Half-Brother Emerges as Key Player in Malta's Import Game

Be the first to comment

Leave a Reply

Your email address will not be published.


*