Naira Depreciates to N1,739/$ in Parallel Market, Appreciates to N1,601.2/$ in NAFEM
Advertisements
The Nigerian Naira experienced mixed fortunes yesterday, depreciating to N1,739 per dollar in the parallel market while appreciating to N1,601.2 per dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM).
Key highlights:
Advertisements
- Naira depreciated by N4 in parallel market
- Naira appreciated by N52.89 in NAFEM
- Dollar turnover increased by 69% to $230.99 million
- Margin between parallel market and NAFEM rate widened to N137.8 per dollar
