Naira’s Free-Fall Continues, See Current Exchange Rate At Parallel Market

October 13, 2023 by Delia Innoma 0 Comments

The naira yesterday depreciated to N1,030 per dollar in the parallel market from N1,010 per dollar on Wednesday.

However, the naira appreciated in the Investors and Exporters, I&E, window yesterday to N759.2 per dollar.

Data from FMDQ showed that the indicative exchange rate for the I&E window fell to N759.2 per dollar from N776.8 per dollar on Wednesday, indicating N17.16 appreciation for the naira.

Consequently, the gap between the official and parallel market exchange rates widened to N270.8 per dollar yesterday from N233.2 per dollar on Wednesday.

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About Delia Innoma

Delia Innoma is a prolific writer, promoter, artist manager with full professional proficiency in English, German and Igbo languages. She studied accounting and computer programming at the Institute of Management and Technology Enugu and Germany respectively. Delia is also a devoted mother of two and she founded the Diamond Celebrities Magazine. Her sense of responsibility and commitment to the Christian faith are essential forces driving her daily activities.

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