US EditionNaira's Value Increases to N1,550/$ in Parallel Market — Akelicious
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Naira's Value Increases to N1,550/$ in Parallel Market — Akelicious
The Naira appreciated slightly to N1,550 per dollar in the parallel market on Friday, gaining ₦5 from N1,555/$ recorded the previous day. Conversely, in the Nigerian Foreign Exchange Market, the local currency depreciated by ₦1, falling to N1,532 per dollar from N1,531/$, according to figures released by the Central Bank of Nigeria. This development narrowed the gap between the official and parallel market rates to ₦18, compared to ₦24 the previ…
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