On Thursday, the Naira strengthened in the parallel market, appreciating to N1,485 per dollar from the previous day’s rate of N1,490 per dollar. Conversely, in the Nigerian Autonomous Foreign Exchange Market (NAFEM),…
Tag: Naira
Naira gains slightly against dollar amid Sallah holidays
During the Sallah holidays, the Naira saw a slight appreciation, trading at N1480 against the dollar in the parallel foreign exchange market, commonly known as the black market. This information was revealed…
Naira appreciates against dollar at parallel market, loses big at official window
The Nigerian currency, the naira, took investors on a ride through the foreign exchange markets on Thursday, showcasing both struggles and triumphs. In the official window, the naira continued its downward slide…