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Naira Depreciates to N1,645/$ at The Parallel Market
Posted by Thandiubani on Thu 19th Sep, 2024 - tori.ng
The volume of dollars traded (turnover) in the official market grew by 38.9 percent to $139.48 million from $100.39 million traded on Tuesday.
The Naira on Wednesday recorded a loss at the black market as it sold N1,645 per dollar from N1,640 per dollar on Tuesday.
However, the Naira appreciated to N1,539.65 per dollar from N1,656.49 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM.
This is according to data from FMDQ .
The volume of dollars traded (turnover) in the official market grew by 38.9 percent to $139.48 million from $100.39 million traded on Tuesday.
Consequently, the margin between the parallel market and NAFEM rate widened to N105.35 per dollar from N16.49 per dollar on Tuesday.
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