Friday, November 29, 2024 - The Naira appreciated in the parallel market yesterday, strengthening to ₦1,740 per dollar from ₦1,745 per dollar on Wednesday.
Likewise, the Naira appreciated to N1,644.86 per dollar in the Nigerian
Autonomous Foreign Exchange Market, NAFEM.
Data from FMDQ showed that the indicative exchange rate for NAFEM fell
to N1,644.86 per dollar from N1,660.83 per dollar on Wednesday, indicating
N15.97 appreciation for the naira.
The volume of dollars traded (turnover) increased by 66 percent to $560.34
million from $337.07 million traded on Wednesday. Consequently, the margin
between the parallel market and NAFEM rate widened to N95.14 per dollar from
N84.17 per dollar on Wednesday.
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