Naira Depreciates Further At Parallel Market

January 24, 2024 by Don Saint 0 Comments

The naira yesterday depreciated to N1,355 per dollar in the parallel market from N1,350 per dollar on Monday.“However, the naira appreciated to N878.61 per dollar in the Nigerian Foreign Exchange Market (NAFEM).“Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N878.61 per dollar from N925.34 per dollar on Monday, indicating N46.73 appreciation for the naira.

The intraday high rate stood at N1336.05 per dollar while the intraday low was N701 per dollar representing N635.05 margin.
The volume of dollars traded on the window fell by 20 percent to $58.46 million from $73.33 million on Monday.

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About Don Saint

PR Guru / Author / Promoter / Controversial Writer / Hip Hop Artiste / Actor / Human Rights Activist. The First Nigerian Hip Hop Artiste to obtain a Masters Degree (M.A) in Arts ( Religion & Human Relations). The author of one of the most controversial books in Nigeria; "Emancipation from Masturbation". With over 12 Movies and 3 Musical albums since 2003. Former Events Manager at Silverbird’s Rhythm Fm Awka Station till 2010. For more info. Call : 08033239298.

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