Politics
Naira Climbs To N1,485 Against Dollar In Parallel Exchange Rates
Naira Climbs To N1,485 Against Dollar In Parallel Exchange Rates....KINDLY READ THE FULL STORY HERE▶
The Naira saw a rise in the parallel market yesterday, climbing to N1,485 per dollar from N1,490 per dollar recorded on Monday. In contrast, on the Nigerian Autonomous Foreign Exchange Market (NAFEM), the Naira appreciated to N1,473.66 per dollar, a decrease from Monday’s N1,483.62 per dollar. This indicates a N9.96 appreciation for the Naira according to data from FMDQ……….. CONTINUE READING
The volume of dollars traded on NAFEM surged by 138.6 percent, reaching $385.91 million compared to $161.69 million traded on Monday. Consequently, the gap between the parallel market and NAFEM rates widened to N11.34 per dollar from N6.38 per dollar observed on Monday.
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