The Naira weakened to N1,620 per dollar in the parallel market, compared to N1,615 per dollar....CLICK HERE TO CONTINUE READING.>>
Similarly, in the Nigerian Autonomous Foreign Exchange Market, NAFEM, the Naira depreciated to N1,606.56 per dollar. According to data from FMDQ, the indicative exchange rate for NAFEM increased to N1,606.59 per dollar from N1,594.27 per dollar on Tuesday, reflecting a depreciation of N12.32.…..For More READ THE FULL ARTICLE HERE ▶▶
Thank you for reading this post, don't forget to subscribe!Additionally, the volume of dollars traded in NAFEM rose by 2.5 percent, reaching $160.94 million, up from $156.94 million on Tuesday.
As a result, the gap between the parallel market rate and the NAFEM rate narrowed to N13.41 per dollar from N20.73 per dollar on Tuesday
