Business
Naira crashes to N1,350/$ in parallel market
The Naira experienced a decline yesterday, dropping to N1,350 per dollar in the parallel market compared to Tuesday’s rate of N1,295 per dollar. Additionally, in the Nigerian Foreign Exchange Market (NAFEM), the Naira depreciated to N931.23 per dollar.
According to data from FMDQ, the indicative exchange rate for NAFEM increased to N931.23 per dollar from Tuesday’s rate of N878.57 per dollar, reflecting a depreciation of N52.66 for the Naira.
As a result, the gap between the official and parallel market exchange rates widened to N418.77 per dollar yesterday, up from N416.43 on Tuesday.
Nigeria News10 hours ago
Soaring rice prices threaten Christmas celebrations for Nigerian families
Entertainment10 hours ago
Panic as Stage collapses during Odumodublvck’s performance at Lagos concert
Nigeria News10 hours ago
2025 Budget: FG allocates ₦6.36bn for renovation of Tinubu, Shettima’s official quarters
Nigeria News10 hours ago
Black Market Dollar to Naira Exchange Rate Today 22nd December 2024
Nigeria News10 hours ago
NNPC debunks shutdown rumors, confirms fuel loading at Port Harcourt Refinery
Sport11 hours ago
‘We have to find a way’ – Guardiola laments after defeat to Aston Villa
Sport11 hours ago
Usyk beats Fury in heavyweight rematch
Sport11 hours ago
Southampton name Ex-Roma boss, Ivan Juric as new manager
Sport20 hours ago
EPL: Jesus double leads Arsenal’s five-goal rout against Crystal Palace
Metro24 hours ago
27 feared dead in Stampede at Christmas rice distribution event in Anambra
Nigeria News1 day ago
Tinubu honours Abuja, Anambra stampede victims, cancels all Lagos events
Metro1 day ago