Politics
Parallel Market Rates: Naira Hits N1,525 Per Dollar
Parallel Market Rates: Naira Hits N1,525 Per Dollar....KINDLY READ THE FULL STORY HERE▶
Yesterday, the Naira depreciated in the parallel market, falling to N1,525 per dollar from N1,520 per dollar last weekend. However, it appreciated significantly in the Nigerian Autonomous Foreign Exchange Market (NAFEM), reaching N1,339.33 per dollar……….CONTINUE READING
According to data from FMDQ, the indicative exchange rate for NAFEM dropped to N1,339.33 per dollar from N1,482.81 per dollar last weekend, marking a N143.48 appreciation for the Naira.
This shift has widened the gap between the parallel market and NAFEM rates to N185.67 per dollar, compared to N37.19 per dollar last Friday
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Source: Bushradiogist
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