Business

Naira Depreciates To N1,340/$ In Parallel Market

Data from FMDQ indicates that the indicative exchange rate for NAFEM increased to N1,419.11.

By Johnson Atoukudu

Yesterday, the Naira experienced a depreciation to N1,340 per dollar in the parallel market, compared to N1,300 per dollar the previous Friday.

Similarly, in the Nigerian Foreign Exchange Market (NAFEM), the Naira depreciated to N1,419.11 per dollar.

Data from FMDQ indicates that the indicative exchange rate for NAFEM increased to N1,419.11 per dollar from N1,339.23 per dollar over the weekend, reflecting a depreciation of N79.88 for the Naira.

Consequently, the margin between the parallel market and NAFEM rates widened to N79.11 per dollar from N39.23 per dollar last Friday.

………

Note : To submit Press Releases, Statements, and Advert Inquiries for publication on Waffi blog (website) or Television 📺, please use the following contact details: You can send an email to info@waffitv.com or reach us via Whatsapp at 07068286500

Related posts

Again, CBN Sells $10,000 To BDC Operators At N1,101/$

Waffi Tv

Detained Binance Executive Escapes From Custody

Waffi Tv

Flutterwave Partners With Token.io To Simplify Bank Transfers To The UK And EU

Waffi Tv

Leave a Comment