Naira rises to N1,540/$ in parallel market,
By Elizabeth Adegbesan
The Naira yesterday appreciated to N1,540 per dollar in the parallel market from N1,545 per dollar last weekend.
Similarly, the Naira recorded a new level appreciating to the N1,527.5 per dollar in the Nigerian Foreign Exchange Market (NFEM).
The new level was last recorded on July 3rd this year.
Data published by the Central Bank of Nigeria, CBN, showed that the exchange rate for the naira fell to N1,527.5 per dollar from N1,531 per dollar last weekend, indicating N3.5 appreciation for the naira.
Consequently, the margin between the parallel market and NFEM rate narrowed to N12.5 per dollar from N14 per dollar last week Friday.
The post Naira rises to N1,540/$ in parallel market appeared first on Vanguard News.
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The Naira yesterday appreciated to N1,540 per dollar in the parallel market from N1,545 per dollar last weekend.
The post Naira rises to N1,540/$ in parallel market appeared first on Vanguard News.
, , Idowu Bankole, {authorlink},, , Vanguard News, September 2, 2025, 2:34 am
