Business

Naira gains, trades N1,618/$ at parallel market

In a significant development, the naira on Tuesday appreciated to N1,618 per dollar at the parallel market from N1,620 per dollar on Monday.

But, the Naira depreciated to N1,604 per dollar in the Nigerian Foreign Exchange Market (NFEM).

Data published by the Central Bank of Nigeria (CBN) showed that the indicative exchange rate for the naira rose to N1,604 per dollar from N1,599 per dollar on Monday, indicating N5 depreciation for the naira.

Consequently, the margin between the parallel market and NFEM rate narrowed to N14 per dollar from N21 on Monday.

Israel Arogbonlo

Recent Posts

Over 1,500 Kwara school girls to get free sanitary kits

The girl-child advocate further called on private companies and non-governmental organisations to create more opportunities…

10 minutes ago

UPDATED: VeryDarkMan is in EFCC custody — Deji Adeyanju

Adeyanju, who is a VDM lawyer, in an update shared on Friday via X, revealed…

18 minutes ago

Ondo community regent vows to pursue development

The newly installed Regent of Ijigba Kingdom in Akure South Local Government Area of Ondo…

25 minutes ago

Malaria: FG endorses N1bn geneith health competition

“While countries like Belgium, Britain, and the United States eliminated malaria decades ago, Nigeria continues…

30 minutes ago

Natasha denies plotting with activist to accuse Akpabio of organ harvesting

In the one-hour, eight-minute broadcast, the activist alleged that Natasha offered her N200 million to…

1 hour ago

Sanwo-Olu commissions new housing scheme for Lagos judiciary

"While we understand and appreciate the full separation of powers, there is always a common…

1 hour ago

Welcome

Install

This website uses cookies.