Naira down to N1,405 in parallel market

Naira falls to N1220/$ in parallel market Posted by allcitynews.ng The naira yesterday depreciated to N1,405 per dollar in the parallel market from N1,375 per dollar on Wednesday. Similarly, the naira depreciated to N900.96 per dollar in the Nigerian Foreign Exchange Market (NAFEM). Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N900.96 per dollar from N882.24 per dollar on Wednesday, indicating N18.76 depreciation for the naira. Consequently, the gap between the official and parallel market exchange rates widened to N504.04 per dollar yesterday from N492.76 per dollar on Wednesday. From Vanguard Newspaper For ADVERT Placement; for EVENT Coverage; Have story to PUBLISH; HAVE Breaking story with pictorial evidence OR wants to assist allcitynews.ng by DONATIONS, kindly contact us via ojezand@yahoo.com. Thank you. Allcitynews.ng’s goal: To interface between policy makers & general public, most influential, informative and reliable issues-based online newspaper, working for unity, peace and development of the Country. Disclaimer: Comments expressed here do not in anyway reflect the opinions of allcitynews.ng or any employee thereof. It assumes no responsibility or liability for any errors or omissions in the comments.