Naira rises to N1,483/$ in parallel market
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By Elizabeth Adegbesan
The Naira yesterday appreciated to N1,483 per dollar in the parallel market from N1,487 per dollar on Tuesday. Similarly, the naira appreciated to N1,445 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 N1,445 per dollar from N1,447 per dollar on Tuesday, indicating N2 appreciation for the naira.
Consequently, the margin between the parallel market and NFEM rate narrowed to N38 per dollar from N40 per dollar on Tuesday.
The post Naira rises to N1,483/$ in parallel market appeared first on Vanguard News.
