Naira now N1,395/$ in parallel market
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By Elizabeth Adegbesan
THE Naira yesterday depreciated to N1,395 per dollar in the parallel market from N1,386 per dollar last Friday.
Similarly, the naira depreciated to N1,385 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 N1,385 per dollar from N1,384 per dollar last weekend, indicating N1 depreciation for the naira.
Consequently, the margin bet
THE Naira yesterday depreciated to N1,395 per dollar in the parallel market from N1,386 per dollar last Friday.
Similarly, the naira depreciated to N1,385 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 N1,385 per dollar from N1,384 per dollar last weekend, indicating N1 depreciation for the naira.
Consequently, the margin bet
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