Naira Weakens to ₦1,585/$ in Parallel Market, Strengthens in Official Windows - Android Pols - latest news, natural remedies, and entertainment

Naira Weakens to ₦1,585/$ in Parallel Market, Strengthens in Official Windows

Naira Weakens to ₦1,585/$ in Parallel Market, Strengthens in Official Window

Naira to dollar in Parallel Market


The naira weakened in the parallel market on Tuesday, sliding to ₦1,585 per dollar from ₦1,570 recorded on Monday.


In contrast, the local currency appreciated in the Nigerian Foreign Exchange Market (NFEM), strengthening to ₦1,527 per dollar from ₦1,532.


According to data released by the Central Bank of Nigeria (CBN), the official exchange rate saw a ₦5 gain, reflecting a modest recovery in the regulated window.


As a result, the gap between the parallel market rate and the official NFEM rate widened to ₦58 per dollar, compared to ₦38 the previous day.

Vanguard


Related Posts:
Previous article
Next article

Leave Comments

Post a Comment

Iklan Atas Artikel

Iklan Tengah Artikel 1

Iklan Tengah Artikel 2

Iklan Bawah Artikel