Brands and Marketing
Naira Again, Depreciates To N1,635/$ In Official Market
Naira Again, Depreciates To N1,635/$ In Official Market
The Nigerian Naira weakened in the Nigerian Autonomous Foreign Exchange Market (NAFEM), depreciating to N1,635.15 per dollar according to data from FMDQ.
This marked an increase from the previous rate of N1,631.21 per dollar, signifying a depreciation of N3.94 for the Naira.
Conversely, in the parallel market, the Naira strengthened to N1,660 per dollar from N1,665 per dollar over the weekend.
The volume of dollar transactions in the official market saw a significant decline of 47% to $126.24 million from $238.36 million traded the previous weekend. As a result, the gap between the parallel market and NAFEM rates reduced to N24.85 per dollar from N33.79 per dollar the previous Friday.
AFCON 2025 QUALIFIER: Nigeria, Libya Match Won’t Hold – CAF Explains
BREAKING: National Grid Collapses Again Leaving Nigeria In Darkness
FA CUP: First-round Draw Confirmed [Full Fixtures]
AFCON 2025 QUALIFIER: Super Eagles Arrive Nigeria After Stranded In Libya Airport
AFCON 2025 QUALIFIER: Libyan Authorities Hold Eagles Hostage At Airport
BREAKING: Indian Ex-minister Shot Dead In Mumbai
BREAKING: Cole Palmer Emerges Winner Of September EPL Player Of The Month
BREAKING: Ex-Premier League Star Found Dead in His Swimming Pool
UPDATED: Net Foreign Exchange Inflow Increases 67% To $27.6bn As IMTO’s Inflows Hit $2.33bn
BREAKING: Speed Darlington Announced Missing Weeks After Taunting Burna Boy About Diddy’s Oil: “Ask Chinasa”
-
Entertainment1 week agoBBNaija No Longer Entertaining– Portable Cries Out
-
Entertainment1 week agoBREAKING: Speed Darlington Announced Missing Weeks After Taunting Burna Boy About Diddy’s Oil: “Ask Chinasa”
-
Headline1 week agoBREAKING: Man City Achieve Victory In Its Premier League’s Transaction Rule Dispute
-
Headline5 days agoBREAKING: Cole Palmer Emerges Winner Of September EPL Player Of The Month
-
Headline3 days agoBREAKING: Indian Ex-minister Shot Dead In Mumbai
-
Headline6 days agoBREAKING: Ex-Premier League Star Found Dead in His Swimming Pool
-
Brands and Marketing6 days agoUPDATED: Net Foreign Exchange Inflow Increases 67% To $27.6bn As IMTO’s Inflows Hit $2.33bn
-
Headline2 days agoAFCON 2025 QUALIFIER: Libyan Authorities Hold Eagles Hostage At Airport
-
Headline23 hours agoFA CUP: First-round Draw Confirmed [Full Fixtures]
-
Headline23 hours agoBREAKING: National Grid Collapses Again Leaving Nigeria In Darkness