Politics
Naira Falls To ₦1,260/$ In Parallel Market
The naira depreciated yesterday to N1,260 per dollar in the parallel market from N1,220 per dollar on Tuesday.
Similarly, the naira depreciated to N904.65 per dollar in the official Nigerian Foreign Exchange Market (NAFEM).
Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N904.65 per dollar from N865.03 per dollar on Tuesday, indicating a N39.62 depreciation for the naira.
As a result, the gap between the official and parallel market exchange rates widened to N355.35 per dollar yesterday from N354.97 per dollar on Tuesday.
The volume of dollars traded on NAFEM increased by 22 percent to $120.89 million from $99.09 million traded on Tuesday.
- Top Stories18 hours ago
$87m Theft Case: AAS Investors Storm FCT High Court To Demand Justice As Jesam, Legal Team Clear The Air At Abayomi’s Hearing (Video)
- Business and Brands18 hours ago
Leadership Means Always Believing in Better – CEO, Sterling Bank
- Entertainment13 hours ago
Let love lead! Paulo Okoye TELLS Davido, Wizkid, others
- News21 hours ago
How to check your 2024 JAMB/UTME results: Step-by-Step Guide
- Top Stories20 hours ago
Ooni Of Ife’s Visit: Oba Of Benin Bars Suspended Six Palace Officials
- General Interest21 hours ago
BREAKING: MTN Nigeria reports N575.69 pre-tax loss in first quarter of 2024
- Politics21 hours ago
John Ayoh: How I Collected $600,000 Bribe For Emefiele