Naira falls to N1,240/$ in parallel market

Naira falls to N1,240/$ in parallel market

January 5, 2024 Uncategorized 17 Views

Naira falls to N1,240/$ in parallel market

The Naira is now exchanging at N1,240 to a dollar in the parallel market from N1,235 per dollar on Wednesday, January 3. 

 

The Naira appreciated to N895.23 per dollar in the Nigerian Foreign Exchange Market (NAFEM), widening the gap between the official and parallel market exchange rates to N344.77 per dollar yesterday, January 4, from N199.88 per dollar on Wednesday.

 

Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N895.23 per dollar from N1,035.12 per dollar on Wednesday, indicating N139.77 appreciation for the naira.

 

Check Also

Fulham manager Marco Silva reacts during the FA Cup third round match between Hull City and Fulham on 7 January, 2023 at the MKM Stadium in Hull, United Kingdom.

Fulham to complete stunning triple signing worth £60m: report

Fulham look set to pull off a remarkable triple swoop worth £60 million as they …

Leave a Reply

Top Naija News is not responsible for the content of external sites and news culled therefrom.
© 2024 Top Naija News Limited, ALL RIGHTS RESERVED