Business
Dollar Exchange Rate Naira Struggles In Parallel Market Today 26th November 2024
Dollar Exchange Rate Naira Struggles In Parallel Market Today 26th November 2024
The Naira weakened to N1,770 per dollar in the parallel market yesterday, down from N1,750 per dollar over the weekend. Meanwhile, in the Nigerian Autonomous Foreign Exchange Market (NAFEM), the Naira also depreciated, reaching N1,675.62 per dollar, compared to N1,652.62 per dollar last weekend.……READ MORE
Data from the FMDQ revealed that the indicative exchange rate for NAFEM rose by N23, from N1,652.62 per dollar to N1,675.62 per dollar.
The volume of dollar transactions decreased significantly by 55.2%, dropping from $243.05 million last Friday to $108.79 million.
As a result, the gap between the parallel market rate and the NAFEM rate expanded, increasing to N117.38 per dollar from N97.38 per dollar over the weekend.
For More Information And News Update, Join Ireporteronline WhatsApp Channel With Link Below: https://whatsapp.com/channel/0029VaV4jB6DuMRgwqnJCF32 For advertisement inquiries only, kindly send a message to 09010649814 on WhatsApp.
-
Latest News2 weeks agoBreaking Political Barriers: Okpebholo Names Enugu-born Igbo Leader to Edo Cabinet
-
Latest News1 week agoAPC Submits National Assembly Candidates’ Names To INEC Portal
-
Sports2 weeks agoFull List: Every Team Eliminated From The 2026 World Cup So Far
-
Latest News1 week agoAPC Dismisses Viral List Of Primary Election Winners
-
Latest News1 week agoUzodimma, Fintiri, Abdurazaq, Other Governors Appear On APC NASS List
-
Latest News2 weeks agoShake-Up In Nigerian Army As COAS Redeploys Top Officers — Full List Emerges
-
Latest News16 hours agoTinubu Unveils Fresh Appointments For Gbajabiamila, AGF, Others
-
Politics1 day agoKey Details Emerge From Meeting Of 18 APC First-Term Governors
-
Latest News1 week agoN1.5 BILLION FARM BOOST: Senator Saliu Mustapha Launches Massive Agricultural Intervention, Distributes Fertilisers, Power Tillers, Water Pumps to Thousands of Kwara Farmers
-
Politics2 weeks agoRochas: “I Feel Sorry For Those Peter Obi Misled Into Wasting Money On NDC
-
Latest News1 week agoAfter Billions Spent, Bridge Still Abandoned: Citizens Issue Open Letter to Tinubu, Works Minister, Osun Governor, National Assembly Over ÒRÉ Bridge
-
Latest News1 week agoCivil Servant Promotion Rules Tightened By Federal Government