Yesterday, the naira saw an improvement to N1,430 per dollar in the parallel market, up from N1,470 per dollar the previous weekend.
Likewise, in the Nigerian Foreign Exchange Market (NAFEM), the naira strengthened to N1,408.04 per dollar.
Data sourced from FMDQ revealed that the indicative exchange rate for NAFEM dropped to N1,408.04 per dollar, marking a significant increase from N1,431.49 per dollar recorded the previous Friday. This indicates a notable appreciation of N23.45 for the naira.
Consequently, the gap between the parallel market rate and NAFEM narrowed to N21.96 per dollar, a considerable decrease from N38.51 per dollar recorded the previous Friday.
Geoffrey Ogunlesi, 33, the son of Nigerian billionaire Adebayo Ogunlesi, has gifted American jewelry designer…
A 23-year-old armed robbery suspect, Godwin Emmanuel, has admitted to stealing a police officer’s phone…
Nigerian crossdresser, Idris Okunneye, popularly known as Bobrisky, has opened up about his run-in with…
The Federal Airports Authority of Nigeria (FAAN) has announced plans to temporarily shut down power…
First Bank of Nigeria (FBN) Holdings Plc announced on Friday that its shareholders have approved…
The National Agency for Food and Drug Administration and Control (NAFDAC) has announced the sealing…
