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Currency Revival Naira Rises In Parallel Market (See List)
Currency Revival Naira Rises In Parallel Market (See List)
Yesterday, the Naira appreciated in the parallel market, rising to N1,715 per dollar from N1,725 per dollar last weekend.….CONTINUE READING
However, it depreciated in the Nigerian Autonomous Foreign Exchange Market (NAFEM), dropping to N1,603.16 per dollar from N1,600.78 per dollar last Friday, marking a N2.38 decline.
Data from FMDQ also showed a 2.4% increase in dollar turnover in the official market, with $359.22 million traded, up from $350.72 million last weekend. As a result, the gap between the parallel market and NAFEM rates narrowed to N111.84 per dollar, compared to N124.22 per dollar last Friday.
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