Exchange rate weakens at N1,175/$ in parallel market, NAFEM strengthens N782.68/$

📆 19/10/2023 9:01 p. m.
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A Nigerian newspaper and Online version of the Vanguard, a daily publication in Nigeria covering Nigeria news, Niger delta, general national news, politics, business, energy, sports, entertainment, fashion,lifestyle human interest stories, etc

This showed a 6.8 percent depreciation when compared to N1,100 per dollar rate recorded the previous day.

The naira has continued to weaken against the green back across all market segment since the Central Bank of Nigeria announced the lifting of the ban on 43 items previously restricted from accessing foreign exchange from the investor’s and exporters’ window now NAFEM. Similarly, the currency lost N145 in the parallel market where it stood at N1,030 per dollar last week Thursday.

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Naira depreciates to N1,175/$ in parallel marketA Nigerian newspaper and Online version of the Vanguard, a daily publication in Nigeria covering Nigeria news, Niger delta, general national news, politics, business, energy, sports, entertainment, fashion,lifestyle human interest stories, etc
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