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Naira Declines Against Dollar, Exchanges At N1,548/$1 On Parallel Market

Summary by Investors King

The Nigerian naira continued its downward trend on Monday, trading at N1,548 per dollar in the parallel market amid persistent pressure on the foreign exchange (FX) market. Market survey shows that demand for the United States dollar has remained elevated while supply has continued to lag. The naira closed at N1,533.57 per dollar at the […] The post Naira Declines Against Dollar, Exchanges at N1,548/$1 on Parallel Market appeared first on Invest…

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Naira closes at N1,534 against USD on April 2

By Daniel Adaji The naira closed at N1,534 per United States Dollar on wey, showing relative stability compared to its performance in March. According to data from the Nigerian Foreign Exchange Market (NFEM), Wednesday’s closing rate reflects a narrow trading range, with the highest rate reaching N1,535 and the lowest rate standing at N1,525. A comparison with March’s performance reveals that the highest closing rate recorded last month was N1,…

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