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Naira Strengthens To N1,560/$ In Parallel Market
Naira Strengthens To N1,560/$ In Parallel Market
The Naira strengthened to N1,560 per dollar in the parallel market on Thursday, up from N1,570 per dollar on Wednesday. However, in the Nigerian Foreign Exchange Market (NFEM), the Naira weakened to N1,540 per dollar…READ MORE….
According to data released by the Central Bank of Nigeria (CBN), the indicative exchange rate for the Naira increased slightly to N1,540 per dollar from N1,539 per dollar on Wednesday, marking a depreciation of N1.
As a result, the gap between the parallel market and NFEM rates narrowed to N20 per dollar, down from N31 per dollar the previous day.
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