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Naira Makes Dramatic Recovery In Parallel Market Amid Rising Stability Today December 4 2024
Naira Makes Dramatic Recovery In Parallel Market Amid Rising Stability Today December 4 2024
The Naira appreciated to N1,725 per dollar in the parallel market yesterday, up from N1,730 per dollar on Monday…READ MORE…
Meanwhile, the Naira remained steady at N1,672.69 per dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM).
According to data from FMDQ, the indicative exchange rate for the Naira has remained stable since Monday.
However, the volume of dollars traded fell by 18.2%, dropping to $207.86 million from $254.1 million on Monday. As a result, the gap between the parallel market and NAFEM rates decreased to N52.31 per dollar, down from N57.31 on Monday.
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