The Naira on Friday, January 19, sold for N1,370 per dollar in the parallel market from N1,300 per dollar on Thursday, January 18.
The Naira also depreciated to N902.45 per dollar in the Nigerian Foreign Exchange Market (NAFEM). Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N902.45 per dollar from N902.08 per dollar on Thursday, indicating 37 kobo depreciation for the Naira.
The volume of dollars (turnover) traded on the window fell by 17 per cent to $145.89 million from $176.53 million on Thursday.
Following the development, the gap between the official and parallel market exchange rates widened to N467.55 per dollar yesterday from N397.92 on Thursday.
CITYNEWS NIGERIA brings you the results of all today’s 2025 Africa Cup of Nations, AFCON,…
A report has claimed that President Bola Ahmed Tinubu’s close aides are currently struggling over…
Ajuri Ngelale, Special Adviser to the President on Media & Publicity, has announced his decision…
President Bola Ahmed Tinubu’s administration has accepted the request of Ajuri Ngelale, the President’s Special…
Ajuri Ngelale, the broadcast journalist who made a name for himself with his eloquence and…
There was pandemonium as a petrol-laden tanker exploded burning two articulated trucks, one 18-seater bus,…
