The Naira, on Friday, fell to N1,625 per dollar in the parallel market, down from N1,615 per dollar the previous day.READ FULL STORY HERE>>>CLICK HERE TO CONTINUE READING>>>
In the Nigerian Autonomous Foreign Exchange Market (NAFEM), the Naira also depreciated to N1,598.56 per dollar from N1,593.93 per dollar on Thursday, reflecting a decrease of N4.62 per dollar.
Data from FMDQ indicated an increase in the indicative exchange rate for NAFEM. Additionally, the trading volume of dollars rose by 11 percent to $172.8 million, up from $155.52 million on Thursday.
As a result, the gap between the parallel market rate and the NAFEM rate expanded to N26.44 per dollar from N21.07 per dollar.READ FULL STORY HERE>>>CLICK HERE TO CONTINUE READING>>>
