Posted by Samuel on Thu 05th Jun, 2025 - tori.ng
Likewise, the Naira appreciated to N1,564 per dollar in the Nigerian Foreign Exchange Market (NFEM).
The naira appreciated in the parallel market yesterday, rising to N1,615 per dollar from N1,620 per dollar on Tuesday.
Likewise, the Naira appreciated to N1,564 per dollar in the Nigerian Foreign Exchange Market (NFEM).
Data published by the Central Bank of Nigeria, CBN, showed that the exchange rate for the naira fell to N1,564 per dollar from N1,579 per dollar on Tuesday, indicating N15 appreciation for the naira.
Consequently, the margin between the parallel market and NFEM rate widened to N51 per dollar from N41 per dollar the previous day.