The Naira depreciated on Tuesday, April 23, in the Nigerian Foreign Exchange Market, NAFEM, to N1,300.15 per dollar, exceeding the parallel market rate by N45.15.
Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N1,300.15 per dollar from N1,234.49 per dollar last week Friday, indicating N65.66 depreciation for the naira.
Similarly, the Naira depreciated to N1,255 per dollar in the parallel market, from N1,1250 per dollar on Monday, April 22.
Consequently, the margin between the parallel market and NAFEM rates increased to N45.15 per dollar from N15.51 per dollar the previous day.
| Posted: at | |
fineboy77
gogoman
kp45
TRENDING GISTS 
Amotekun Arrests Alleged Fraudster, Adegoroye Akinola Defrauding Nine Victims Of N1.5 Million
Yvonne Jegede Reveals The Truth About Colleague, Mercy Johnson, While Calling Her Out (Video)
Soldier, Abdullahi Ismail Dismissed From The Nigerian Army For Sleeping With Colleague’s Wife
