Naira rises to N1,385/$ in parallel market

Naira rises to N1,385/$ in parallel market

The Naira yesterday appreciated to N1,385 per dollar in the parallel market from N1,393 per dollar on Monday

Similarly, the naira appreciated to N1,337 per dollar in the Nigerian Foreign Exchange Market, NFEM.

Data from the Central Bank of Nigeria, CBN, showed that the indicative exchange rate for the naira fell to N1,337 per dollar from N1,344 per dollar on Monday, reflecting N7 appreciation for the naira.

Consequently, the margin between the parallel and official markets narrowed to N48 per dollar from N49 per dollar on Monday.

Idowu Babalola Photo
Idowu Babalola

Socially Not Social. IG & Twitter - @Braggamando

All author posts
Related Posts
Funke Akindele Reveals Major Cause of Violence During Elections
Funke Akindele Reveals Major Cause of Violenc...

Popular Nollywood actress, Funke Akindele has revealed the major cause of violence in Nigeria’s election. As the 2019 presidential...

Ubi Franklin, Tuface & D’banj Hang Out In Dubai
Ubi Franklin, Tuface & D’banj Hang Out In D...

Ubi Franklin, 2Face Idibia, D’banj and Swanky Jerry last night hung out at FIVE Palm Jumeirah Dubai and Ubi...

Falz Is Moving To Hollywood As He Gets His Own TV Series
Falz Is Moving To Hollywood As He Gets His Ow...

Nigerian rapper, actor and entertainer Falz is moving up in his career as he has signed up to play...

Write A Comments