English>

Market News

Naira appreciates to N1,270 in parallel market - VANGUARD

APRIL 02, 2024

By Elizabeth Adegbesan

The Naira, today, Tuesday, appreciated to N1,270 per dollar in the parallel market, from N1,290 per dollar last week Thursday.

Similarly, the Naira appreciated in the NAFEM to N1,278.58 per dollar. 

Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N1,278.58 per dollar from N1,309.39 per dollar last week Thursday, indicating N30.81 appreciation for the naira.

Consequently, the margin between the parallel market rate and NAFEM narrowed to N8.58 per dollar from N19.39 per dollar on last week Thursday.

SEE HOW MUCH YOU GET IF YOU SELL

NGN
This website uses cookies We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners who may combine it with other information that you've provided to them or that they've collected from your use of their services
Real Time Analytics