The Naira yesterday depreciated to N1,680 per dollar in the parallel market from N1,655 per dollar on Tuesday.
Similarly, the Naira depreciated to N1,667.42 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM.
Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N1,667.42 per dollar from N1,658.48 per dollar on Tuesday, indicating N8.94 depreciation for the naira. The volume of dollars traded (turnover) in the official market declined by 39.6 percent to $100.47 million from $166.36 million traded on Tuesday.
Consequently, the margin between the parallel market and NAFEM rate widened to N12.58 per dollar from N3.48 per dollar on Tuesday.
A royal commentator suggests that Prince Harry and Meghan Markle are taking separate paths in…
PHILADELPHIA/GRAND RAPIDS, Michigan (Reuters) -Donald Trump and Kamala Harris both predicted victory as they campaigned…
The Economic and Financial Crimes Commission (EFCC) arrested Ifeanyi Okowa, the immediate past governor of…
President Bola Ahmed Tinubu has appointed Abdulrazak Yusuf Tukur as National Commissioner for the Independent…
A former Director-General of Peter Obi’s 2023 presidential campaign council, Doyin Okupe, has said that…
Dorathy Bachor has put her massive cleavage on display as she turns a year older.…