nigeria black market - Housing TV Africa https://www.housingtvafrica.com/tag/nigeria-black-market/ 24/7 Breaking News, Housing News, Real Estate News, Mortgage News, Construction news, Property News Wed, 09 Oct 2024 06:45:07 +0000 en-US hourly 1 https://wordpress.org/?v=7.1.4 https://www.housingtvafrica.com/wp-content/uploads/2024/11/cropped-467525650_122213590052021108_4825452665835935767_n-32x32.jpg nigeria black market - Housing TV Africa https://www.housingtvafrica.com/tag/nigeria-black-market/ 32 32 Naira down to N1,685/$ in parallel market https://www.housingtvafrica.com/naira-down-to-n1685-in-parallel-market/?utm_source=rss&utm_medium=rss&utm_campaign=naira-down-to-n1685-in-parallel-market Wed, 09 Oct 2024 06:45:07 +0000 https://www.housingtvafrica.com/?p=13282 naira

The Naira yesterday depreciated to N1,685 per dollar in the parallel market from N1,660 per dollar on Monday. But the local currency appreciated to N1,561.76 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM. Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N1,561.76 per dollar from N1,635.15 per dollar […]

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]]> The Naira yesterday depreciated to N1,685 per dollar in the parallel market from N1,660 per dollar on Monday. But the local currency appreciated to N1,561.76 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM.

Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N1,561.76 per dollar from N1,635.15 per dollar on Monday, indicating N73.39 appreciation for the naira. The volume of dollars traded (turnover) in the official market grew by 100.9 percent to $253.68 million from $126.24 million traded on Monday

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Consequently, the margin between the parallel market and NAFEM rate widened to N123.24 per dollar from N24.85 per dollar on Monday.

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