Brands and Marketing
UPDATED: Naira Appreciates To N1,740/$ In Parallel Market
UPDATED: Naira Appreciates To N1,740/$ In Parallel Market
The Naira saw an improvement in its value against the US Dollar in both the parallel market and the Nigerian Autonomous Foreign Exchange Market (NAFEM).
In the parallel market, the Naira rose to N1,740 per dollar from N1,745 per dollar on the previous day.
Similarly, in the NAFEM, the Naira appreciated to N1,644.86 per dollar.
Data from FMDQ revealed that the indicative exchange rate for NAFEM dropped to N1,644.86 per dollar from N1,660.83 per dollar, marking a N15.97 increase in value for the Naira.
The volume of dollars traded also went up significantly by 66% to $560.34 million.
This led to a wider margin between the parallel market and NAFEM rate, which expanded to N95.14 per dollar from N84.17 per dollar.
Ballon D’Or 2025: Award Date Confirmed —France Football
EKSU Secures Full Accreditation for 18 Programmes from NUC, Enhancing Academic Reputation
UEFA 2025 Rankings: Real Madrid Lead As Man Utd, Arsenal Fails To Make Top 10 [Top 25]
Trump Calls for Investigation into Kamala Harris’s Use of Celebrity Endorsements in Failed 2024 Bid
Former LP Lawmaker Daniel Asuquo Defects to APC, Predicts Massive Win in Cross River
DAPPMAN Endorses Dangote Refinery Amid NNPC Petrol Production Shortfalls
Atiku Offers Peter Obi VP Slot in 2027 Coalition with Single-Term Agreement
JUST IN: Joe Biden Diagnosed with Advanced Prostate Cancer
Tinubu Calls for National Unity Through Diversity at Vatican Meeting with Nigerian Catholic Bishops
Nigeria and China to Collaborate on Electric Vehicle Production, Strengthening Solid Minerals Sector
-
Headline6 days agoFG and World Bank at Loggerheads Over N54.9tn 2025 Budget Revenue Assumptions
-
Headline1 week agoBarcelona’s Stunning Comeback Secures 4-3 El Clasico Victory Over Real Madrid, Moves Closer to La Liga Glory
-
Crime6 days agoNigerian Police and INTERPOL Arrest Canadian and Nigerian Fraudsters in $210,000 and N452 Million Scams
-
Headline6 days agoJUST IN: House of Representatives Rejects Bill On Zoning Presidency, Alongside Six Other Constitutional Amendments
-
Entertainment1 week agoAMVCA 2025: Full List Of Winners
-
Headline5 days agoLamido Links June 12 Annulment to Military’s Refusal to Pay N45bn Debt to Abiola, Calls on Tinubu for Resolution
-
Headline1 week agoIndia and Pakistan Agree to Full Ceasefire Following U.S.-Mediated Talks, Trump Announces
-
Entertainment6 days agoUS Rapper, Diddy Sets To Face Life In Prison Over Allege Sex Trafficking
-
Entertainment1 week agoSeven Doors Leads the Pack at AMVCA 2025 with Top Acting Awards
-
Brands and Marketing4 days agoUPDATED: Naira Falls To N1,635/$ In Parallel Market