Naira appreciates to N1,500/$ in parallel market

The Naira Monday appreciated to N1,500 per greenback within the parallel market, stronger than the N1,510 per greenback recorded final weekend.

Nevertheless, within the Nigerian International Alternate Market (NFEM), the Naira depreciated barely to N1,480.15 per greenback.Nigerian sports activities gear

Information revealed by the Central Bank of Nigeria (CBN) confirmed that the official alternate fee weakened to N1,480.15 per greenback from N1,480 per greenback final Friday, representing a 15 kobo depreciation.Nigerian sports activities gear

In consequence, the hole between the parallel market and the NFEM fee narrowed to N19.85 per greenback, in comparison with N30 per greenback final weekend.