Northern Nigerian Breaking News

Naira appreciates at both official, parallel windows

The Naira on Tuesday, appreciated to N1,270 per dollar at the parallel market, from N1,290 per dollar last Thursday.

Also, the Naira appreciated at the NAFEM to N1,278.58 per dollar.

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Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N1,278.58 per dollar from N1,309.39 per dollar last week Thursday, indicating N30.81 appreciation for the naira.

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Consequently, the margin between the parallel market rate and NAFEM narrowed to N8.58 per dollar from N19.39 per dollar on last Thursday.

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