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Nigerian Naira plunges again after slight gain

The Naira yesterday depreciated in the parallel market to N1,525 per dollar from N1,520 per dollar last weekend. However, the Naira appreciated to N1,339.33 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM.

 

READ ALSO :Again, TotalEnergies snubs Nigeria, announces $600 million investment deal in Congo

 

Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N1,339.33 per dollar from N1,482.81 per dollar last weekend, indicating N143.48 appreciation for the
Consequently, the margin between the parallel market and NAFEM rates widened to N185.67 per dollar from N37.19 per dollar last week Friday.

 

I really don’t know what to say anymore….rise and fall of Naira…. 

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