The Naira yesterday depreciated to N1,415 per dollar in the parallel market, from N1,410 per dollar on Monday.
Similarly, the Naira depreciated in the Nigerian Foreign Exchange Market, NAFEM, to N1,416.57 per dollar.
Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N1,416.57 per dollar from N1,354.21 per dollar on Monday, indicating N62.36 depreciation for the naira.
Consequently, the margin between the parallel market and NAFEM rates narrowed to N1.57 per dollar from N55.79 per dollar on Monday.
Wednesday, 08 May 2024 07:28
Naira Depreciates In Parallel Market
Join us on Whatsapp Channel Subscribe to Telegram Channel
Follow @abatimediaHeadlines
- Air travellers to enjoy free Wi-Fi at Lagos, Abuja airports – Keyamo
- ASUU Reacts As FG Unveils Governing Councils For 111 Tertiary Institutions
- After 10 Years, Army Rescues Over 300 Civilians From Boko-Haram Captivity In Sambisa Forest
- NSCDC apprehends 11 pipeline vandals in Benue
- EFCC Arrests Two With 81,700 Fake Dollar Notes
- 70-Year-Old Nigerian Grandpa Arrested In Borno For Drug Trafficking; China-Bound Cocaine Hidden In Bolts Intercepted In Lagos
- ‘Ifeoma’, ‘Omowale’ - Duchess of Sussex Meghan gets Nigerian names
- Ekweremadu: We’re begging to hear from our son — Family of David cries out
- Dropping out of school for acting not good enough – Hope Samuel
- I’ve never taken bribe before, it’s taboo — Force PRO, Adejobi
- Economy: Nigeria still sitting on time bomb —Primate Ayodele
- I won – Tyson Fury criticizes judges’ decision in Usyk fight, citing war sympathy
- ‘I’m godfather of Nigerian music industry’ – Burna Boy
- ‘I’m Wizkid, Burna Boy, Davido’s godfather’ – Oritsefemi
- ‘You Endorsed Tinubu On Expectations, Not Principle’ – Ex-Gov Masari Fires Northern Elders
- Peter Obi’s Statement Has Vindicated INEC’s Integrity – Yerima
- ‘My Marriage To Oritsefemi Was A Nightmare’ – Nabila Opens Up
- Man Dies While Watching Football Match In Lagos Bar
- Boniface Flies His Childhood Coach To Watch Leverkusen's Coronation
- VIDEO: U17 WWC Qualifiers: Nigeria Trash Burkina Faso 6-0