Naira depreciates to N1,240/$ in official market

January 5, 2024 Gistcore Gists and Latest news 0

Share this:

The naira yesterday depreciated to N1,240 per dollar in the parallel market from N1,235 per dollar on Wednesday.

However, the naira appreciated to N895.23 per dollar in the Nigerian Foreign Exchange Market (NAFEM), thus widening the gap between the official and parallel market exchange rates to N344.77 per dollar yesterday from N199.88 per dollar on Wednesday.

Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N895.23 per dollar from N1,035.12 per dollar on Wednesday, indicating N139.77 appreciation for the naira.


Share this:

Related posts:

  1. Naira depreciates to N1,530/$ in official market
  2. Naira depreciates to N1,610/$ in official market
  3. Naira depreciates by 0.05% against dollar at official market
  4. Naira records biggest fall in official market, depreciates to N1348/$

Be the first to comment

Leave a Reply

Your email address will not be published.


*


This site uses Akismet to reduce spam. Learn how your comment data is processed.