Naira depreciates to N1,405/$ in parallel market
By Elizabeth Adegbesan
nThe Naira yesterday depreciated to N1,405 per dollar in the parallel market from N1,380 per dollar on Monday.
nBut the naira appreciated to N1,374 per dollar in the Nigerian Foreign Exchange Market, NFEM .
nData from the Central Bank of Nigeria, CBN, showed that the indicative exchange rate for the market fell to N1,374 per dollar from N1,377 per dollar on Monday reflecting N3 appreciation for the naira.
nConsequently, the margin between the parallel and official markets widened to N28 per dollar from N3 per dollar on Monday.
nThe turnover in the interbank foreign exchange market rose by 31.9 percent to $73.6 million from $5
n nRelated Stories
General NewsCELEBRATING TWO YEARS OF TRANSFORMATIONAL LEADERSHIP IN THE PRESIDENTIAL AMNESTY PROGRAMME
Tomorrow, 14TH March 2026, as we look forward to the second anniversary, we reflect on the remarkable two years since the Administrator of the Preside
General NewsPRESIDENTIAL AMNESTY PROGRAMME PHASE 3: DISREGARD PURPORTED STATEMENT ON DELAYED ITA PAYMENTS — OFFICE OF NATIONAL CHAIRMAN
The Office of the National Chairman of the Presidential Amnesty Programme Phase 3, General Elaye ThankGod Dollar Slaboh, has called on beneficiaries a
General NewsRE: CLARIFICATION ON MY PERSONAL RELATIONSHIPS
PUBLIC NOTICErnrnRE: CLARIFICATION ON MY PERSONAL RELATIONSHIPSrnrnIt has become necessary to make this public clarification following the increasing