Naira falls to N1,455/$ in parallel market

byPercy Onyeka06/02/2024, 5:18 am34 Views0 Comments

Naira falls to N1,455/$ in parallel market (Photo: Nairametrics)

The naira yesterday depreciated to N1,455 per dollar in the parallel market from N1,440 per dollar last week Friday.

However, the naira fell to N1,419.86 per dollar in the Nigerian Foreign Exchange Market (NAFEM).

Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N1,419.86 per dollar from N1,435.53 per dollar last weekend, indicating N15.67 appreciation for the naira.

Consequently, the gap between the official and parallel market exchange rates widened to N35.14 per dollar yesterday from N4.47 per dollar last week.

Agency Report

What do you think?

0 Points

Upvote Downvote

Written by Percy Onyeka

A seasoned Tech/Business Analyst, Digital Media Consultant , Publisher and Entrepreneur with more than a decade experience. Online Editor in Chief-New National Star newspaper and a host of clients...