Naira Appreciates to N1,403/$ in Parallel Market

The Nigerian naira strengthened to N1,403 against the US dollar in the parallel market, though it continued to weaken in the official Foreign Exchange Market, highlighting ongoing currency volatility.

28 Aug, 20:13 — 28 Aug, 20:13

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vanguard-ngMixed16h ago

Naira appreciates to N1,403/$ in parallel market

By Elizabeth Adegbesan LAGOS — The naira appreciated to N1,403 per dollar in the parallel market on Friday from N1,407 on Thursday. However, the currency depreciated to N1,337 per dollar in the Nigerian Foreign Exchange Market (NFEM). Data from the Central Bank of Nigeria (CBN) showed that the indicative exchange rate for the naira weakened […] The post Naira appreciates to N1,403/$ in parallel market appeared first on Vanguard News.

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Naira Appreciates to N1,403/$ in Parallel Market

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Naira appreciates to N1,403/$ in parallel market

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