Brands and Marketing
Naira Depreciates To N1,640/$ In Parallel Market
Naira Depreciates To N1,640/$ In Parallel Market
The Nigerian Naira experienced a decline in value against the US dollar on Friday, with the parallel market rate decreasing to N1,640 per dollar from N1,650 the previous day.
In the Nigerian Autonomous Foreign Exchange Market (NAFEM), the Naira also depreciated to N1,541.52 per dollar.
Data from FMDQ revealed that the indicative exchange rate for NAFEM dropped to N1,541.52 per dollar, showing a N2.5 appreciation for the Naira.
Notably, the dollar turnover in the official market reduced significantly by 117.7 percent to $190.57 million compared to Thursday’s $87.51 million.
Consequently, the margin between the parallel market and NAFEM rates contracted to N98.48 per dollar from N105.98 per dollar on Thursday.
Renowned Australian Actor Julian McMahon Is Dead
BREAKING: Court Orders Senate To Recall Suspended Natasha
Naira Appreciates Against USD In Parallel Market— New Rate
Iran Announces Opening Of Airspace After War
Former Super Eagles Goalkeeper Peter Rufai Passes Away At 61
Justice Kekere-Ekun Appoints New NJI Administrator —Details
BREAKING: Liverpool Forward Jota Dies At 28—Report
How A Nigerian Man Ran A Multi-Million Dollar Scam From France — Now Jailed In The U.S.
End-Bad-Governance: FG Unveils Kano Digital Park Vandalised During 2024 Protest
Ex-E’Guinea Anti-corruption DG, Baltasar With Over 400 Sex Tapes Faces Jail Trial
-
Crime1 week agoBREAKING: Nigerian Man Arrested in U.S. Over Massive Fraud Scheme Targeting Veterans’ Health Organization(PHOTO)
-
Education1 week agoBREAKING: Lagos Launches Bold Move to Control Private and Mission Schools – New Policy to Shake Up Education Sector
-
Education1 week agoOutrage in Ibadan: Students, Alumni Kick Against Renaming of Ibadan Polytechnic After Late Governor Olunloyo
-
Headline1 week agoTinubu Reunites Wike, Fubara, Rivers Lawmakers (PHOTOS)
-
Headline1 week agoTRF: Super Falcons Goalie Nnadozie Seals Move To Brighton
-
News1 week agoRuud van Nistelrooy SACKED After Leicester’s Premier League Collapse
-
Headline1 week agoTinubu’s Bold Tax Overhaul Gets ICAN’s Nod — “This Will Help Millions”
-
Education1 week agoJAMB EXPOSED Them! Over 80% Skip Mop-Up Exam Amid Cheat Crackdown
-
Entertainment1 week agoBREAKING: NAPTIP Declares Speed Darlington Wanted For Cyberbullying Allegation
-
Headline1 week agoTerror in Imo: Market Bomb Kills 6, Injures Many