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Naira Records Another Depreciation, No Longer N1,645 Per Dollar

Naira and Dollar
Naira, Dollar
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Yesterday, the Naira depreciated in the parallel market to N1,655 per dollar from N1,645 per dollar on Wednesday.

Read Also: Petrol Marketers Complained To Tinubu That Our Diesel Price Is Too Cheap – Dangote Refinery

In the Nigerian Autonomous Foreign Exchange Market (NAFEM), the Naira also fell to N1,649.76 per dollar, compared to N1,558.75 per dollar the previous day, marking a N91.01 depreciation.

As a result, the gap between the parallel market rate and the NAFEM rate narrowed to N5.24 per dollar, down from N86.25 per dollar the day before.

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