In the Nigerian Foreign Exchange Market (NAFEM), it also depreciated to N1,308.52 per dollar.
By Johnson Atoukudu
Yesterday, the Naira saw a decline, reaching N1,305 per dollar in the parallel market compared to N1,255 per dollar on Tuesday.
In the Nigerian Foreign Exchange Market (NAFEM), it also depreciated to N1,308.52 per dollar.
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Data from FMDQ reveals that the indicative exchange rate for NAFEM rose to N1,308.52 per dollar from N1,300.15 per dollar on Tuesday, reflecting an N8.37 depreciation for the Naira.
Consequently, the margin between the parallel market and NAFEM rates narrowed to N3.52 per dollar from N45.15 per dollar the previous day.
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