The Naira on Wednesday experienced a depreciation to N1,105 per dollar in the parallel market, down from N1,100 per dollar on Tuesday. However, in the Nigerian Foreign Exchange Market (NAFEM), it appreciated to N1,072.74 per dollar.
Data sourced from FMDQ revealed that the indicative exchange rate for NAFEM declined to N1,072.74 per dollar from Tuesday’s N1,148.14 per dollar, marking a N75.4 appreciation for the Naira.
Consequently, the margin between the parallel market and NAFEM rates narrowed to N32.26 per dollar from Tuesday’s N48.14 per dollar.
Following the recent unrest at Banex Plaza in Wuse, Abuja, on Saturday 18 May 2024,…
An individual's scheme to harvest numerous seemingly marijuana plants cultivated on the grounds of the…
The Central Bank of Nigeria (CBN) has announced that mobile money operators, including fintech firms…
One of the military personnel stationed at Banex Plaza, a popular phone market in the…
The Secretary to Apa Local Government Area of Benue State, Hon. Baba Agida, is dead…
Seven people were found dead inside a music studio in Bayelsa State on Tuesday after…
