News
Naira depreciates to N1,387/$ in parallel market
By Elizabeth Adegbesan
The Naira yesterday depreciated to N1,387 per dollar in the parallel market from N1,380 per dollar on Wednesday.
Similarly, the naira depreciated to N1,372.75 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 market rose to N1,372.75 per dollar from N1,372.5 per dollar on Wednesday, reflecting 70 kobo depreciation for the naira.
Consequently, the margin between the parallel and official markets narrowed to N14.25 per dollar from N7.95 per dollar on Wednesday.
The turnover in the interbank foreign exchange market declined by 70.5 percent to $116.04 million from $68.02 million the previous day.
The post Naira depreciates to N1,387/$ in parallel market appeared first on Vanguard News.
First Lady billed to pay on one-day working visit to Ekiti
NRC suspends Warri–Itakpe train services
Oyebanji, Aiyedatiwa, Akande, Ooni hail Olanipekun at mother and child maternity complex commissioning
Oyebanji, Aiyedatiwa, Akande, Ooni hail Olanipekun at mother and child maternity complex commissioning
1.70m pilgrims performed 2026 Hajj — Saudi authority
Musk’s ex-girlfriend claims she was offered 'GDP of a small nation' to not expose MAGA
Former Ondo First Lady emerges Labour Party Reps candidate for Owerri Federal Constituency
- National2 days ago
Fallen Nation: While Terrorists Kill Nigerian Soldiers, General Bolaji Salami Builds Hotel and Laugh
- Breaking2 days ago
Repentant Boko Haram members are given N3m payoff after rehabilitation and placed on monthly salary of N50,000- man whose father was k!lled by the insurgents alleges (video)
- World1 day ago
Iran 'downs US drone' and 'shoots at American F-35 jet' as WW3 fears explode
- Breaking1 day ago
2027: Jonathan eligible to contest elections — Court rules, awards N21m fine against lawyer
- World3 days ago
Iran's supreme leader is holed up in undisclosed location, U.S. intel says
- National2 days ago
Breaking: Eid-ul-Adha: FG declares two-day public holiday
- World1 day ago
WW3 fears explode as European countries ask for help
- Breaking2 days ago
Family of behe@ded Oyo teacher pleads with President Tinubu for personal intervention, visit and recovery of his remains
