Home » Economy, Headlines, Naira (Currency), Today's Politics » Naira rises against the dollar in parallel market

Naira rises against the dollar in parallel market

By Elizabeth Adegbesan

The Naira yesterday appreciated to N1,495 per dollar in the parallel market from N1,500 per dollar on Monday. But the Naira depreciated to N1,464.5 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 rose to N1,464.5 per dollar from N1,464 per dollar on Monday, indicating 50 kobo depreciation for the naira.

Consequently, the margin between the parallel market and NFEM rate narrowed to N35.5 per dollar from N36 per dollar on Monday.

 

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Posted by on Oct 23 2025. Filed under Economy, Headlines, Naira (Currency), Today's Politics. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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