English>

Market News

Naira depreciates to N1,660/$ in parallel market - VANGUARD

JANUARY 15, 2025

By Elizabeth Adegbesan

The Naira yesterday depreciated to N1,660 per dollar in the parallel market from N1,655 per dollar on Monday.

But, the Naira appreciated to N1,549 per dollar in the official foreign exchange market.

Data published by the Central Bank of Nigeria, CBN, showed that the exchange rate for Nigerian Foreign Exchange Market (NFEM) fell to N1,549 per dollar from N1,550 per dollar on Monday, indicating N1 appreciation for the naira.

Consequently, the margin between the parallel market and NFEM rate widened to N111 per dollar from N105 per dollar on Monday


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