Naira falls to N927.19/$ in official market
Economy, Headlines, Naira (Currency) Saturday, December 2nd, 2023By Elizabeth Adegbesan
The naira today depreciated to N927.19 per dollar in the Nigerian Foreign Exchange Market (NAFEM).
Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N927.19 per dollar from N832.32 per dollar on Thursday, indicating N94.87 kobo depreciation for the naira.
The market recorded an intraday high of N1160 per dollar and an intraday low of N701 per dollar resulting in a gap of N459 per dollar.
The volume of dollars trade in NAFEM fell by 2.8 percent to $110.14 million from $115.41 million traded on Thursday.
Similarly, the naira depreciated to N1,166 per dollar in the parallel market from N1, 165 per dollar on Thursday.
As a result, the gap between the official and parallel market exchange rates narrowed to N238.81 per dollar yesterday from N332.68 per dollar on Thursday.
-Vanguard
Related Posts
- Peter Obi, Goodluck Jonathan hold ‘closed-door’ meeting in Abuja
- First batch of 13 Nigerians deported from U.S. land in Ghana, President John Dramani Mahama, disclose to reporters
- How self-titled ‘Obi of Lagos’ planned N1.5bn scam — Police
- ‘Air Peace crew tests positive for alcohol, cannabis’ following July 13, 2025, incident – Nigerian Safety Investigation Bureau (NSIB)
- Obi of Lagos: Southern Igbo Ezes, leaders disown Azubike
Short URL: https://newnigerianpolitics.com/?p=67329
Posted by admin
on Dec 2 2023. Filed under Economy, Headlines, Naira (Currency).
You can follow any responses to this entry through the RSS 2.0.
You can leave a response or trackback to this entry
