AFRICA FOCUS
NAFEM: Naira falls, exchanges at N1,603.8/$
On Thursday, the Naira depreciated to N1,603.8 per dollar in the Nigerian Autonomous Foreign Exchange Market(NAFEM).
Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N1,603.8 per dollar from N1,586.71 per dollar on Wednesday, indicating N37.95 depreciation for the naira.
The volume of dollars traded (turnover) in the market fell by 23.3 percent to $131.09 million from $171.03 million traded on Wednesday.
Similarly, the Naira yesterday depreciated to N1,580 per dollar in the parallel market from N1,575 per dollar on Wednesday.
Consequently, the margin between the parallel market and NAFEM rate widened to N18.8 per dollar from N11.71 per dollar on Wednesday.
Police arraigns pastor over street naming contempt in Ogun
FG Launches Official Website For National Youth CONFAB
NSC DG Backs Showtime–NAFA Synergy, Says Flag Football Can Take Nigeria by Storm
Late Nigerian Boxer Segun Olanrewaju’s Body Arrives From Ghana
EFCC Arraigns Oil Magnate in Port Harcourt for Alleged N750million Bank Fraud
NSC DG Backs Showtime–NAFA Synergy, Says Flag Football Can Take Nigeria by Storm
Nigeria Must Prepare for the Rise of Autonomous Cyber Threats
Breath of fresh air as Yussuf Alli heads NSC Podium Finish and Elite Development
Meet the Fast Rising Digital Media Agency Simplifying Lead Generation for Nigerian Businesses & Startups
-
Sports1 day agoLate Nigerian Boxer Segun Olanrewaju’s Body Arrives From Ghana
-
Crime1 day agoEFCC Arraigns Oil Magnate in Port Harcourt for Alleged N750million Bank Fraud
-
AFRICA FOCUS1 day agoNSC DG Backs Showtime–NAFA Synergy, Says Flag Football Can Take Nigeria by Storm
-
Crime13 hours agoPolice arraigns pastor over street naming contempt in Ogun
-
Politics21 hours agoFG Launches Official Website For National Youth CONFAB