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.
Rice, a staple for Christmas celebrations in Nigeria, has become a luxury this year. Soaring…
Panic erupted on Saturday at a concert in Lagos when the stage collapsed during Odumodublvck’s…
The Federal Government of Nigeria has allocated ₦6,364,181,224 billion for the refurbishment and rehabilitation of…
The black market dollar to naira exchange rate for today, 22nd December 2024, can be…
The Nigerian National Petroleum Company Limited (NNPCL) has refuted claims that the 60,000 barrels per…
Manchester City finds itself in unprecedented turmoil, with relegation-level form showing little sign of improvement.…
