FOREX

Naira rises to N1,480/$ in parallel market

Naira rises to N1,480/$ in parallel market

By Elizabeth Adegbesan The Naira yesterday appreciated to N1,480 per dollar in the parallel market from N1,490 per dollar last weekend. Likewise, the Naira appreciated to N1,464 per dollar in the Nigerian Foreign Exchange Market (NFEM). Data published by the Central Bank of Nigeria, CBN, showed that the exchange rate for the naira fell to […]
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Naira depreciates to N1,537/$ in official market

Naira depreciates to N1,537/$ in official market

By Elizabeth Adegbesan The Naira yesterday depreciated to N1,537 per dollar in the Nigerian Foreign Exchange Market (NFEM) surpassing the parallel market with a N2. Data published by the Central Bank of Nigeria, CBN, showed that the exchange rate for the naira rose to N1,537 per dollar from N1,536 per dollar on Tuesday, indicating N1 […]