Market News
Naira rises to N1,393/$ in parallel market - VANGUARD
By Elizabeth Adegbesan
The Naira on yesterday appreciated to N1,393 per dollar in the parallel market from N1,403 per dollar on Tuesday.
Similarly, the naira appreciated to N1,341.99 per dollar in the Nigerian Foreign Exchange Market, NFEM.
Data from the Central Bank of Nigeria, CBN, showed that the indicative exchange rate for the naira fell to N1,341.99 per dollar from N1,348 per dollar on Tuesday, reflecting N6.01 appreciation for the naira.
Consequently, the margin between the parallel and official markets narrowed to N51.01 per dollar from N55 per dollar on Tuesday.




