The Naira yesterday appreciated to N1, 585 per dollar in the parallel market from N1,595 per dollar on Wednesday.
Similarly, the Naira yesterday appreciated to N1,586.04 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM.
Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N1,564.48 per dollar from N1,586.04 per dollar on Wednesday, indicating N21.56 appreciation for the naira.
The volume of dollars traded in the market increased by 61.5 percent to $149.24 million from $92.39 million traded on Wednesday.
Consequently, the margin between the parallel market and NAFEM rate widened to N20.52 per dollar from N8.96 per dollar on Wednesday.
-All Rights Reserved-
Permission to use any material, including text, still photograph, audio and video from this site is granted subject to permission being formally sought and, if granted, appropriate credit must duly be given to The News Room as the source.
Stay connected, get exclusive updates, and be the first to know about all the exciting things happening. Whether you’re looking for insights, tips, or just want to be part of an amazing community, our WhatsApp group is the place to be!
👉 Don’t miss out. Click the link and be part of something awesome! 🚀
