Naira

Naira appreciates to N1,488/$ in parallel market

Naira appreciates to N1,488/$ in parallel market

By Elizabeth Adegbesan The Naira yesterday appreciated to N1,488 per dollar in the parallel market from N1,490 per dollar on Tuesday. But the naira depreciated to N1,423 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 […]
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Naira depreciates to N1,570/$ in parallel market

Naira depreciates to N1,570/$ in parallel market

By Elizabeth Adegbesan The Naira yesterday depreciated to N1,570 per dollar in the parallel market from N1,545 per dollar last weekend. But the Naira appreciated to N1,528 per dollar in the Nigerian Foreign Exchange Market (NFEM). data published by the Central Bank of Nigeria, CBN, showed that the indicative exchange rate for the naira fell […]