Tag: US dollar

Naira Depreciates to N1040 Per Dollar on the Exchange Market

The parallel market exchange rate for the naira is now N1040. The depreciation, according to Forex dealers who spoke with Nairametrics, is the result of heightened scarcity, with the influx…

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Dollar Now N850 At Parallel Market

On Wednesday's parallel market, the naira strengthened further versus the US dollar, closing at 850/dollar. The Central Bank of Nigeria stated its intention to intervene in the foreign exchange market…

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