Naira

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Naira rises to N1,380/$ in parallel market

By Elizabeth Adegbesan The Naira yesterday appreciated to N1,380 per dollar in the parallel market from N1,385 per dollar on Tuesday. However, the naira depreciated to N1,340 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 rose to […]

Naira rises to N1,393/$ in parallel market

The Naira yesterday appreciated to N1,393 per dollar in the parallel market from N1,438 per dollar last weekend, falling on the same threshold as the official market.

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