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.
WhatsApp Sets For Major Upgrade — Here’s What The New ‘Username’ Update Means
BREAKING: Tinubu Orders Immediate Review Of 2026 Hajj Fares
Dubai Sets To Open World’s Largest Tech Expo, See Date
BREAKING: UEFA Set To Approve Serie A, LaLiga Matches To Hold In US, Australia
See Why French PM Lecornu Resigns
JUST IN: Imisi Emerges Winner Of BB Naija Show
NiMet Predicts 3-day Nationwide Thunderstorms, Rain
UPDATED: See Naira To Dollar Exchange Rate Today
Pope Commends ‘Significant Progress’ Towards Gaza Peace
BREAKING: Popular Radio Voice, Abubakar Getso Is Dead, See Details Of Funeral
-
Headline1 week agoUPDATED: No Parade On October 1st, FG Govt Reveals Shocking Reasons
-
Entertainment1 week agoBBNaija: See Housemates Evicted Last Night
-
Headline1 week agoJUST IN: FG Govt Declares Oct 1 Public Holiday, See What To Expect
-
Headline1 week agoBREAKING: ARISE TV Presenter Sommie Shot Dead
-
Headline1 week agoBREAKING: Spain Closes Schools, Parks As Flood Fears Grip Valencia
-
Headline1 week agoFIFA W’CUP: S’Africa Faces Point Deduction, £9000 Fine
-
Headline1 week agoSpanish Super Cup Semi-final Draw Confirmed [Full fixtures]
-
Headline6 days agoJUST IN: Abuja-Kaduna Train Service Set To Resume Work— NRC
-
Headline5 days ago2026 W’CUP: FIFA Releases Trionda, The Official Ball For The Tournament
-
Headline1 week ago
NIGERIA @65: President Tinubu’s Independence Anniversary Speech (Full Texts)