Naira gains at parallel market | Premium Times Nigeria

Nigeria’s naira gained significantly against the U.S. dollar at the unofficial market on Thursday, data posted onThe data posted showed that the naira closed at N485.00 at the black market, this represents a N1.00 or 0.21 per cent appreciation from N486, the rate it exchanged hands with the greenback in the previous session on Wednesday.However, the local unit remained stable at the official market.

Data posted on the FMDQ Security Exchange window where forex is officially traded showed that the domestic unit again closed at N410.00 at the trading session of the NAFEX window on Thursday.The naira experienced an intraday high of N394.00 and a low of N436.40 before closing at N410.00 on Thursday, the same rate it traded in the previous session on Wednesday.turnover rose by 169.23 per cent, with $108.04million recorded as against the $40.13 million posted in the previous session on Wednesday.

Based on this, the spread between the parallel market and the official market exchange rate stood at N75.00 which translates to a gap of 15.46 per cent.

One step forward two steps backward

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Naira gains at official market | Premium Times NigeriaThe unit remained stable at the parallel market. Thank God Gains 2kobo abi Kpeeeeessshhhhh!!!!!!!
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Naira gains at official market | Premium Times NigeriaThe forex turnover on Wednesday dipped by 30.71 per cent. EzenwaUkandu Do you know you can turn $250 to $1250 in 7 days with bitcoin investment without sending your money to anyone? But after getting your profits you’re to send back 10% to me as commission. interested and serious investors can message on WhatsApp +27 73 737 7618
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Naira gains at official market | Premium Times NigeriaThe currency stayed the same at the black market. Wailers will look the other way like nothing happened.
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Naira slides at official market | Premium Times NigeriaThe currency was stable at the parallel market. They are printing money
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Naira maintains gain at official market | Premium Times NigeriaThe naira remained stable at the official market. Na wash Current exchange rate is causing serious hardship for Nigerians. Prices of items have gone up by 200%- 300%. This is killing! Leadership of CBN must show responsibility and reverse this trend. Even food is no longer affordable. We are sitting on a keg of gun powder.
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