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.
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
-
Crime1 week agoBREAKING: Popular Nigerian Gospel Singer Sentenced To Death By Hanging
-
Headline1 week agoSenate Appoints Chibudom Nwuche, As Chairman Of South-South Development Commission
-
Headline1 week agoHIJRAH 1447AH: Osun, Jigawa Govts Declare Friday Public Holiday
-
Headline1 week agoTinubu Reunites Wike, Fubara, Rivers Lawmakers (PHOTOS)
-
Headline1 week agoAkpabio Assures National Assembly Will Resolve Rivers State Political Crisis
-
Headline7 days agoTinubu’s Bold Tax Overhaul Gets ICAN’s Nod — “This Will Help Millions”
-
News1 week agoRuud van Nistelrooy SACKED After Leicester’s Premier League Collapse