Top Stories

Naira Appreciates To ₦1,530/$ From ₦1,535 In Parallel Market

The Naira has appreciated in the parallel market to N1,530 per dollar from N1,535 per dollar on Thursday.

Similarly, the Naira appreciated to N1,509.67 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM.

Advertisement

Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N1,509.67 per dollar from N1,520.24 per dollar on Thursday, indicating N10.57 appreciation for the naira.

The volume of dollars traded (turnover) in the market fell by 32.6 percent to $116.88 million from $173.51 million traded on Thursday.

Advertisement

Consequently, the margin between the parallel market and NAFEM rates widened to N20.33 per dollar from N14.76 per dollar on Thursday.

Advertisement
citynews

Recent Posts

Digital Transformation: Maida, Kekere-Ekun Speak At NCC’s Annual Workshop for Judges in Lagos

Welcome Address Delivered at the 2024 Edition of the Judges Workshop at Sheraton Hotel Ikeja,…

5 hours ago

Breaking: House Of Reps Finance Committee Visits FIRS

The House of Representatives Finance Committee has paid a working visit to the headquarters of…

7 hours ago

BREAKING: Tinubu govt drops treason charges against EndBadGovernance protesters

  The Federal High Court in Abuja has dismissed the treason charges brought against the…

10 hours ago

#USRoadToWhiteHouse2024: Trump-Harris polls remain tied in battleground states…

What to know about the end of the #USElection2024 campaign The most recent polling analysis…

10 hours ago

#USElection2024 Live Updates: Trump Vs Harris…Latest Results…Latest Polls

#US election 2024 Live Updates:  What you need to know about USelection2024 latest polls •…

11 hours ago

Prince Harry and Meghan Markle pursue separate projects

A royal commentator suggests that Prince Harry and Meghan Markle are taking separate paths in…

13 hours ago